MAXIMA GRUPĖ Borrows EUR 260 Million from SEB and ING Banks to Redeem Bonds

Core Points - MAXIMA GRUPĖ has signed a short-term financing agreement for EUR 260 million with SEB and ING banks to redeem long-term bonds and cover related expenses [1][2] - The bond redemption is part of a restructuring plan for UAB "Vilniaus prekyba," which involves separating businesses in Poland, Sweden, and Bulgaria into a new holding company, PARETAS B.V. [3] - MAXIMA GRUPĖ aims to strengthen its position as the leading retail operator in the Baltic region post-restructuring and may consider returning to the bond market in 2026 [4] Financing Details - The financing agreement consists of EUR 130 million from SEB and EUR 130 million from ING, with no secured performance guarantees or pledged assets [1] - The funds will be utilized for early redemption of bonds issued by MAXIMA GRUPĖ [1] Restructuring Plans - The restructuring will involve transferring shares of "Emperia Holding" and "Maxima Bulgaria" to the new holding company PARETAS B.V. [3] - Businesses in the Baltic region will continue to be managed by UAB "Vilniaus prekyba" and its subsidiaries [3] Company Overview - MAXIMA GRUPĖ operates retail chains including "Maxima" in the Baltic countries, "Stokrotka" in Poland, "T Market" in Bulgaria, and the online store "Barbora" [5] - The company is part of the "Vilniaus prekyba" group, which has investments in retail, pharmacy chains, and real estate across the Baltic countries, Sweden, Poland, and Bulgaria [6]