As has previously been announced, on 27 November 2012 Orc Group AB’s parent company, Orc Group Holding AB (publ) (formerly Cidron Delfi Intressenter AB (publ)) (the “Issuer”) issued five-year notes in the total aggregate amount of EUR 60 million with a fixed annual coupon of 8.5 per cent paid semi-annually.
As a part of a restructuring of the capital structure of the group, the Issuer will repay a shareholder loan in the amount of SEK 200,000,000 plus interest accrued thereon by converting the shareholder loan into equity, made by way of set-off against the subscription price for shares in the Issuer (kvittningsemission). The repayment requires permission from CorpNordic Sweden AB acting as agent on behalf of itself and the holders of the Notes (the "Noteholders") and Skandinaviska Enskilda Banken AB (publ) acting as agent on behalf of itself and certain parties under a SEK 145,000,000 multicurrency revolving facility, and such permission has been given. To allow for the repayment, certain amendments will be made to the terms and conditions relating to the Issuer's secured notes of EUR 60 million. These amendments will be communicated in a separate notice to the Noteholders. The amended terms and conditions will also be available on Orc Group's website www.orc-group.com.
This announcement is not in any way an offer to subscribe or acquire the Notes or any other security in the Issuer.
For further information, please contact:
Christine Blinke, Chief Marketing Officer, Orc Group AB
Tel: +46 739 01 02 01, firstname.lastname@example.org
Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc is owned by Orc Group Holding AB, which is in turn owned by Nordic Capital Fund VII.
For more information, visit: www.orc-group.com
The information above has been published pursuant to the Swedish Securities Market Act. The information was released for public distribution on June 14, 2013, at 04:00 p.m. CEST.
N.B. The English text is a translation of the Swedish text. In case of discrepancy between the Swedish and the English text the Swedish version shall prevail.