ZetaDisplay AB (publ) announces successful issue of new bonds

Core Viewpoint - ZetaDisplay AB has successfully issued new senior secured bonds amounting to SEK 500 million, with strong demand from institutional investors, and plans to redeem existing bonds while applying for a listing on Nasdaq Stockholm [1][2][8]. Group 1: Bond Issue Details - The bond issue amounts to SEK 500 million with a tenor of three years, carrying a floating interest rate of 3m STIBOR plus a margin of 6.50%, and was placed at par [1]. - Settlement of the bond issue is expected around April 4, 2025, and the company intends to list the bonds on Nasdaq Stockholm [2]. Group 2: Tender Offer for Existing Bonds - The company conducted a tender offer for its existing senior secured bonds (ISIN SE0018742488), offering to purchase them at 102.325% plus accrued interest [3]. - The tender offer expired with valid tenders amounting to SEK 166.25 million, and all valid tenders were accepted [4]. Group 3: Redemption of Existing Bonds - The company intends to exercise its right for early redemption of existing bonds, with a redemption date set for April 17, 2025, at a price of 102.325% of the nominal amount plus accrued interest [5][6]. - The redemption is conditional upon the successful issuance of the new bonds and satisfaction of conditions for disbursement of net proceeds [7]. Group 4: Additional Information - The existing bonds will be de-listed from Nasdaq Stockholm in connection with the redemption date [8]. - Pareto Securities and Nordea Bank acted as bookrunners for the bond issue [8].