Bong

Capital/Financing Update • Sep 17, 2021

Bong in process to refinance its current bond

• Refinancing with a new bond in combination with bank loan
• Reduction of debt from SEK 210 million to SEK 175 million
• Commitment from several current bond holders to participate in new bond

Bong AB (publ) (the "Company") today announces that, in order to refinance its current bond, the company intend to issue a new bond in combination with a bank loan. The company has during the past 18 months made repurchases to the nominal amount of SEK 34.75 million which means that the amount to be refinanced is SEK 175.25 million. A senior secured bond will be issued to the amount of SEK 110 million to several investors who have agreed to take part in the new bond. The remaining amount will be refinanced with the German bank Commerzbank. The refinancing is planned to take place at the maturity of the current bond.

Bong is one of the leading providers of envelope products in Europe that also offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are packaging within retail and e-commerce and the envelope market within Eastern Europe. The Group has annual sales of approximately SEK 1.8 billion and about 1,200 employees in 13 countries.

Bong has strong market positions in most of the important markets in Europe and the Group sees interesting possibilities for continued development. Bong is a public limited company, and its shares are listed on Nasdaq Stockholm (Small Cap).

For further information, please contact Carsten Grimmer, CFO for Bong AB. Tel (switchboard) 46 44-20 70 00