MIDAQ AB announces outcome of the written procedure regarding its senior secured bonds 2021/2026 with ISIN SE0017085319

The written procedure initiated through a notice on 3 December 2024 (the “Written Procedure”) regarding certain amendments to the terms and conditions for MIDAQ AB (publ)’s (the “Company”) outstanding bond loan 2021/2026 with ISIN SE0017085319 (the “Bonds”), has today been successfully completed.

The Written Procedure was initiated in order to request the bondholders’ consent to certain amendments to the terms and conditions of the Bonds, including an extension of the tenor, removal of interest, removal or amendment of certain financial covenants as well as certain further amendments to the terms and conditions of the Bonds, all as set out in the notice of Written Procedure, which is available on the Company’s website. As set out in the Written Procedure, the company further intends to issue super senior bonds and will be receiving an equity injection, as set out in the notice of Written Procedure.

A sufficient number of bondholders have today participated in the Written Procedure to constitute a quorum, and a required majority of the bondholders have today voted in favour of the Company’s request under the Written Procedure. Consequently, the agent, Nordic Trustee & Agency AB (publ), has today decided to conclude the Written Procedure early. The terms and conditions of the Bonds have been amended and restated effective from today, 10 December 2024, to reflect the approval of the request (the “Amended and Restated Terms and Conditions”). The Amended and Restated Terms and Conditions will be made available on the Company’s website.

For further information, please contact:

Stefan Engdahl MD/CEO
Phone: +46 70 269 10 80
E-mail: stefan.engdahl@midaq.se

Madelene Blom CFO
Phone: +46 70 923 45 31
E-mail: madelene.blom@midaq.se