Multitude Capital Oyj explores the possibility to issue Subordinated Perpetual Floating Rate Callable Capital Notes and announces a tender offer, of its intention to early redeem parent company Multitude AG's outstanding capital notes

Core Viewpoint - Multitude Capital Oyj is exploring the issuance of subordinated perpetual floating rate callable capital notes up to EUR 70 million, with a total framework of EUR 120 million, to support the early redemption of existing capital notes from its parent company, Multitude AG [1][2]. Group 1: Issuance of New Notes - The potential proceeds from the new notes will be utilized to repurchase and/or redeem up to EUR 50 million of existing notes from Multitude AG [2]. - Pareto Securities AB has been appointed as the global coordinator and joint bookrunners for the issuance of the new notes [1]. Group 2: Tender Offer for Existing Notes - Multitude AG is offering holders of its existing EUR subordinated perpetual floating rate callable capital notes (ISIN NO0011037327) to tender their notes for purchase at approximately 102.00% of the nominal amount plus accrued interest [3]. - The settlement of the tender offer is expected to occur approximately fifteen business days after the publication of the tender information document [3]. - The repurchase of existing notes is contingent upon the successful issuance of the new notes [3]. Group 3: Company Overview - Multitude Capital Oyj serves as the funding vehicle for Multitude Group, issuing bonds to support the group's liquidity [4]. - Multitude AG is a European FinTech company providing digital lending and online banking services, operating through three business units: Consumer Banking, SME Banking, and Wholesale Banking [5]. - The company achieved a combined turnover of EUR 274 million in 2024 and operates in 25 countries, employing over 700 people [5].