Autocirc announces the intention to issue subsequent bonds / Autocirc har för avsikten att emittera ytterligare obligationer

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THE SECURITIES MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. NO PUBLIC OFFERING WILL BE MADE IN THE UNITED STATES AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

Autocirc Group AB (publ) ("Autocirc" or the "Company") is investigating the possibility to carry out a subsequent issue of bonds in the minimum amount of SEK 100,000,000 under the Company's existing senior secured bond loan 2022/2025 with a total framework amount of SEK 1,500,000,000, of which SEK 1,130,000,000 is outstanding (ISIN: SE0017885916) (the "Bond Issue"). The net proceeds from the Bond Issue will be deployed towards repayment of drawings under the Company's revolving credit facility. The pro forma leverage ratio following the Bond Issue, according to the bond terms & conditions, is 4.35x. The Bond Issue is expected to be carried out within a near future, subject to market conditions.

Autocirc has mandated Carnegie Investment Bank and Nordea as Joint Bookrunners in connection with the Bond Issue and White & Case as legal advisor to the Company.

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Autocirc Group AB (publ) ("Autocirc" eller "Bolaget") undersöker möjligheten att genomföra en emission av ytterligare obligationer om minst 100 000 000 kronor under Bolagets befintliga seniora säkerställda obligationslån 2022/2025 med ett totalt ramverk på 1 500 000 000 kronor, varav 1 130 000 000 kronor är utestående (ISIN: SE0017885916) ("Obligationsemissionen"). Nettolikviden från Obligationsemissionen kommer att användas för återbetalning under Bolagets revolverande kreditfacilitet. Den proformerade skuldsättningsgraden (leverage ratio) efter Obligationsemissionen, i enlighet med obligationsvillkoren, är 4,35x. Obligationsemissionen förväntas genomföras inom en snar framtid beroende på marknadsförhållandena.

Autocirc har anlitat Carnegie Investment Bank och Nordea som Joint Bookrunners i samband med Obligationsemissionen och White & Case som legal rådgivare till Bolaget.

This information is information that Autocirc Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.30 CET on November 23 2023.

For further information, please contact:
Gunilla Andersson, CFO Autocirc Group
E-mail: [email protected]
Phone: +46 (0)722 184736

The following documents can be retrieved from beQuoted
Press-Release-Autocirc-November-23-2023-ENG.pdf
Press-Release-Autocirc-November-23-2023-SE.pdf

Autocirc works for a circular transition in the automotive industry. We ensure that used car parts get back on the road again - or that materials and components can be used in completely different products and contexts. By moving from new production to reuse, remanufacturing, repurpose and recycling of car parts, we are making the second-hand market the first choice. A sustainable choice for a smarter automotive industry and a better alternative, also for the next generation.

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