Catena Media makes a voluntary partial prepayment of its Outstanding Bonds

Catena Media plc (Nasdaq Stockholm: CTM)

Catena Media plc (“Catena Media” or the “Company”) announces that the Company will make a voluntary partial prepayment (the “Voluntary Partial Prepayment”) of its up to EUR 250,000,000 senior unsecured (and from 31 January 2021, secured) callable floating rate bonds (ISIN: SE0010832154), with a total outstanding nominal amount of EUR 100,500,000 (the “Outstanding Bonds”), governed by the terms and conditions originally dated 2 March 2018 and as amended and restated on 29 June 2020 (the “Terms and Conditions”).

Pursuant to Clause 11.4.2 of the Terms and Conditions (Subsequent voluntary partial prepayments), Catena Media may elect to prepay an amount of up to EUR 4,000 per bond on each interest payment date. The Voluntary Partial Prepayment will be made on 2 December 2020 to the holders holding bonds on the applicable record date, being 25 November 2020.

The Voluntary Partial Prepayment will be made in relation to all Outstanding Bonds, by way of reducing the nominal amount of each bond pro rata with an amount of EUR 4,000 per bond, in aggregate EUR 6,000,000. Following the Voluntary Partial Prepayment, the nominal amount of each bond will be EUR 63,000 and the total outstanding nominal amount will be EUR 94,500,000. The prepayment per bond shall be made at the applicable call option price, which for the relevant period is 101.375 per cent., together with accrued but unpaid interest on the prepaid amount. The total amount to repay (excluding accrued but unpaid interest) is EUR 6,082,500.

In accordance with the Terms and Conditions, a notice stating the amount of the Voluntary Partial Prepayment and the applicable record date for the Voluntary Partial Prepayment has today been sent to the holders. The notice is available at the Company’s website, www.catenamedia.com.

For further information, please contact:  

Peter Messner, Group CFO, Catena Media plc
Phone: +46 768 95 26 93, E-mail: peter.messner@catenamedia.com     

Åsa Hillsten, Head of IR & Communications, Catena Media plc
Phone: +46 700 81 81 17, E-mail: asa.hillsten@catenamedia.com

The information was submitted for publication, through the agency of the contact persons set out above, on 13 November 2020 at 07.00 CET.

 

About Catena Media

Catena Media has a leading position within online lead generation. The company has about 400 employees in US, Australia, Japan, Serbia, UK, Sweden, Italy and Malta (HQ). The company is listed on Nasdaq Stockholm. Further information is available at www.catenamedia.com.

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, HONG KONG, SWITZERLAND, SINGAPORE OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. ADDITIONAL RESTRICTIONS ARE APPLICABLE. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

 

Important information

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, Units, Unit rights, warrants, hybrid capital securities or other securities in Catena Media. Any invitation to the persons concerned to subscribe for Units in Catena Media will only be made through the prospectus that Catena Media will publish on its website after approval and registration with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).

The information in this press release may not be released, distributed or published, directly or indirectly, in or into the United States, Australia, Japan, Canada, New Zealand, South Africa, Hong Kong, Switzerland, Singapore or any other jurisdiction in which such action would be unlawful or would require registration or any other measures than those required by Maltese or Swedish law. Actions in violation of these restrictions may constitute a violation of applicable securities laws.

No shares, Units, Unit rights, warrants, hybrid capital securities or other securities in Catena Media have been registered, and no shares, Units, Unit rights, warrants, hybrid capital securities or other securities will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no shares, Units, Unit rights, warrants, hybrid capital securities or other securities may be offered, sold or otherwise transferred, directly or indirectly, in or into the United States, except under an available exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Catena Media believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors, which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.