Qred Holding AB (publ) initiates fixed income investor meetings to evaluate bond refinancing and provides financial update

17/2/2022

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THE SECURITIES MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. NO PUBLIC OFFERING WILL BE MADE IN THE UNITED STATES AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

Stockholm, 17 February 2022 - Qred Holding AB (publ), Reg. No. 559031-0685 (the "Company"), has mandated Pareto Securities AB as sole bookrunner to arrange a series of fixed income investor meetings commencing on Monday, February 21, 2022, and subject to, inter alia, market conditions, a senior secured bond issue in an amount of EUR 40-50 million may follow (the “New Bonds” or the “Bond Issue”). The proceeds from the New Bonds will be applied towards refinancing the Company’s outstanding 2019/2022 bond with ISIN SE0012507267, general corporate purposes, including the provision of new loans, and financing transaction-related costs.

In conjunction with the contemplated Bond Issue, the Company sets out below certain key unaudited consolidated financial information as at and for the twelve months ended 31 December 2021:

  • Operating income amounted to SEK 373 million  
  • Operating profit amounted to SEK 16 million
  • Commission income amounted to SEK 225 million
  • Interest income amounted to SEK 188 million
  • Equity, debt, and cash amounted to SEK 374 million, 448 million, and 105 million, respectively 
  • Nordic Capital’s investment in the Company has now obtained all customary regulatory approvals 


The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on 17 February 2022.


For further information, please contact:

Andrea Gyllencreutz Romander, Head of Investor Relations

+46 730 92 66 07, andrea.romander@qred.com

Emil Sunvisson, CEO

+46 708 109 735, emil.sunvisson@qred.com


Author

Andrea Romander
Head of Brand & Communications
Qred AB
+46 730 926 607
andrea.romander@qred.com

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