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Intrum — Capital/Financing Update 2024
Nov 15, 2024
2930_rns_2024-11-15_3ca81e65-645d-463b-a1f2-f406953958a2.pdf
Capital/Financing Update
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intrum
PRESS RELEASE
15 November 2024 15:00:00 CET
INTRUM AB OBTAINS APPROVAL FROM NOTEHOLDERS TO AMEND THE TERMS AND CONDITIONS OF THE NOTES FOR CERTAIN MTN-SERIES ISSUED UNDER ITS MTN-PROGRAMME IN ACCORDANCE WITH PROPOSAL 1
Intrum AB ("Intrum" or the "Company") today, 15 November 2024, announces the results from the noteholders' meetings (the "Noteholders' Meetings") held in accordance with the notices dated 18 October 2024 (the "Notices") regarding the Company's outstanding note loans maturing on (a) 3 July 2025 with loan number 114 (ISIN: SE0013105525), (b) 3 July 2025 with loan number 115 (ISIN: SE0013105533), (c) 12 September 2025 with loan number 111 (ISIN: SE0013104080) and (d) 9 September 2026 with loan number 113 (ISIN: SE0013360435) (the "Notes" and the holders of such Notes being the "Noteholders") issued under the Company's MTN programme. Defined terms not otherwise defined in this press release have the meaning set out in the Notices published on 18 October 2024.
The Noteholders' Meetings were held today, 15 November 2024, at Swedbank, Malmskillnadsgatan 23, 111 57 Stockholm, Sweden at 11:00 (CET). In accordance with the Notices, the press releases published by the Company on 18 October 2024 and 12 November 2024 (the "12 November Press Release"), the Noteholders were requested to vote in favour of two proposals: Proposal 1 and Proposal 2, which were proposed for each series of Notes. For more information regarding the Proposals, please see the Notices on the Company's website: https://www.intrum.com/investors/debt-investors/ and the 12 November Press Release.
The Company hereby announces, for Notes with loan number 111, 113 and 115, that the requisite quorum was obtained at the respective Noteholders' Meeting and that the requisite majority of votes cast at the respective Noteholders' Meeting supported Proposal 1 as clarified pursuant to the 12 November Press Release. In each case, the requisite majority was not obtained to vote in favour of Proposal 2. Therefore, Nordic Trustee & Agency AB (publ), in its capacity as Meeting Administrator, has today concluded the Noteholders' Meetings and announced that Proposal 1 has been approved for the above-mentioned series as of 15 November 2024. Nordic Trustee & Agency AB (publ) has also confirmed that all Conditions have been satisfied and, as a result, the Effective Date has occurred for the above-mentioned series.
In accordance with Proposal 1 as clarified pursuant to the 12 November Press Release, the Noteholders of the Notes with loan number 111, 113 and 115 have approved that Nordic Trustee & Agency AB (publ) shall be appointed to act as the Noteholders' agent relating to the Notes in accordance with the Amended Terms and Conditions. The Amended Terms and Conditions for such series have been entered into by the Company and Nordic Trustee & Agency AB (publ) and are available at the Company's website: https://www.intrum.com/investors/debt-investors/.
Intrum Riddargatan 10 SE-114 35 Stockholm
intrum
PRESS RELEASE
15 November 2024 15:00:00 CET
For Notes with loan number 114, the requisite quorum was obtained but the requisite majority of the votes cast was not in favour of neither Proposal 1, as clarified pursuant to the 12 November Press Release, nor Proposal 2.
The result from the Noteholders' Meetings will also be sent by regular post to the Noteholders.
For questions to the Meeting Administrator regarding the Noteholders' Meetings, please contact Nordic Trustee & Agency AB (publ) at [email protected] or +46 8 783 79 00.
For further information, please contact:
Investor Relations
Anders Bengtsson, Investor Relations Manager
[email protected]
Media requests
Kristin Andersson, External Communications Director
+46 70 585 78 18
[email protected]
About Intrum
Intrum is the industry-leading provider of Credit Management Services with a presence in 20 markets in Europe. By helping companies to get paid and supporting people with their late payments, Intrum leads the way to a sound economy and plays a critical role in society at large. Intrum has circa 10,000 dedicated professionals who serve around 80,000 companies across Europe. In 2023, income amounted to SEK 20.0 billion. Intrum is headquartered in Stockholm, Sweden and publicly listed on the Nasdaq Stockholm exchange. For more information, please visit www.intrum.com.
Intrum • Riddargatan 10 • SE-114 35 Stockholm