Valerum AB (publ) - Changes to terms in the ongoing written procedure

Press release, Stockholm, 25 April 2023

Valerum AB (publ) - Changes to terms in the ongoing written procedure

Valerum AB (publ) (the "Company") has on 30 March 2023 initiated a written procedure (the "Written Procedure") in respect of the Company's SEK 710,000,000 senior secured floating rate bonds 2020/2023 with ISIN SE0015192190 (the "Bonds"), to request the bondholders to vote in favour of amending the terms and conditions of the Bonds (the "Terms and Conditions"). Terms used herein and not defined herein shall have the same meaning as in the Terms and Conditions.

In the Written Procedure, the Company has agreed to, provided that the quorum and majority requirements being satisfied such that the requests are approved in the Written Procedure, make a partial prepayment of the Bonds in an amount of SEK 400,000,000 at a price of 100.00 per cent. of the Nominal Amount. After such prepayment has been made, the aggregate Nominal Amount of Bonds outstanding will be SEK 310,000,000 (the "Remaining Bonds"). The Company has decided to offer the holders of the Bonds (the "Bondholders") an additional amendment requested by certain Bondholders, provided that the amendments requested in the Written Procedure are duly passed and implemented.

The Company and the Agent have therefore entered into an agreement whereby, provided that the quorum and majority requirements being satisfied such that the requests are approved in the Written Procedure, the Company and the Agent have agreed that the Remaining Bonds shall be redeemed at a price of 103.00 per cent. of the Nominal Amount (notwithstanding if such redemption is made on the new final maturity date as contemplated by the Written Procedure or at any time prior to such date).

For further information, please contact:

Oscar Engelbert
Telephone: 070-568 00 01
Email: [email protected]

Information:

This information was submitted for publication, through the agency of the contact person set out above, at 11:30 CEST on 25 April 2023.

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