May 27th, 2021 18:05 CEST
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATIONS OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW
Catena Media Plc has successfully priced and decided to issue senior unsecured bonds in the total amount of EUR 55m under a framework of EUR 100m. The bonds will have a tenor of three years and a floating interest rate of Euribor three months plus 600 bps and will mature on 9 June 2024 (the “New Bonds”). The issue date for the New Bonds is expected to occur on 9 June 2021. Catena Media intends to apply for listing of the New Bonds on the corporate bond list of Nasdaq Stockholm.
The tender offer
Catena Media further announces the results of a tender offer to the holders of the Issuer’s outstanding senior secured floating rate bonds 2018/2022 with ISIN SE0010832154 and outstanding total nominal amount of EUR 88.5m (the "Bonds"). The Tender Offer expired at 12:00 CEST on 27 May 2021 and was accepted by holders of Bonds representing a total nominal amount of EUR 30.562m.
Catena Media intends to complete the tender offer and the price for the Bonds in the tender offer amounts to 103.25% of the nominal amount. Catena Media will also pay accrued and unpaid interest on the Bonds on the settlement date in accordance with the terms and conditions of the Bonds. The settlement date for the tender offer is expected to occur on 9 June 2021.
Catena Media also confirms its intention to exercise its right to make a voluntary early redemption of the Bonds not being tendered in the tender offer, in accordance with clause 10.3 (Early voluntary redemption by the Issuer (call option)) of the terms and conditions of the Bonds, subject to fulfilment of the conditions described in the Conditional Notice of Early Redemption dated 24 May 2021. As previously communicated, the early redemption date is expected to occur on 17 June 2021 and the record date on 10 June 2021.
Carnegie Investment Bank AB acted as arranger and sole bookrunner in respect of the issuance of the New Bonds and as dealer manager and tender agent for the Tender Offer. Gernandt & Danielsson Advokatbyrå KB has acted as legal advisor.
Dealer manager and tender agent:
Carnegie Investment Bank AB (publ)
E-mail: [email protected]
For further information, please contact:
Michael Daly, CEO
Phone: +1 702 300 6720, E-mail: [email protected]
Peter Messner, Group CFO
Phone: +46 768 95 26 93, E-mail: [email protected]
E-mail: [email protected]
This information is information that Catena Media Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, by the contact persons set out above, at 6:05 PM CEST on 27 May 2021.
About Catena Media
Catena Media has a leading position within online lead generation. The company has about 400 employees in the US, Australia, Japan, Serbia, the UK, Sweden, Italy and Malta (HQ). The company is listed on Nasdaq Stockholm. Further information is available at www.catenamedia.com.