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Azerion Group N.V. announces successful placement of new bonds in an amount of EUR 225 million and its intention to voluntarily redeem all its outstanding senior secured bonds
Globenewswire· 2025-09-17 15:46
Core Viewpoint - Azerion Group N.V. successfully placed new bonds amounting to EUR 225 million and intends to redeem all outstanding senior secured bonds, indicating strong investor confidence and a focus on growth opportunities [3][4]. Group 1: Bond Issuance Details - The bond issue was placed at 98% of par with a floating interest rate of 3m EURIBOR plus a margin of 5.5% and has a tenor of four years [3]. - The settlement of the bond issue is expected around 2 October 2025, with plans to list the bonds on the Open Market of Frankfurt Stock Exchange [5]. - Proceeds from the bond issuance will be used to fully redeem the existing EUR 265 million senior secured callable floating rate bonds [6]. Group 2: Redemption of Existing Bonds - The company plans to exercise its right for early redemption of the existing bonds, with a redemption date set for 10 October 2025 at 102.025% of the nominal amount plus accrued interest [8]. - The redemption is conditional upon the successful issuance and settlement of the new bonds prior to the record date of 8 October 2025 [9]. Group 3: Company Overview - Azerion, founded in 2014, is one of Europe's largest digital advertising and entertainment media platforms, focusing on delivering global audiences to advertisers through proprietary technology [12].