Legres announces that it has entered into a standstill agreement with a group of bondholders representing approximately 56.50 % of the outstanding nominal amount of its senior bonds.
Legres AB (publ) (the “Company”) has today entered into a standstill agreement with a group of bondholders (the “Bondholder Committee”) representing approximately 56.50 per cent. of the total nominal amount of its SEK 325 million senior secured bonds with ISIN SE0020388700 (the “Bonds”). Capitalised terms used herein shall have the meanings ascribed to them in the terms and conditions of the Bonds.
Reference is made to the Company’s press releases published on 27 May 2025 (the “May Press Release”) and 17 June 2025, respectively, pursuant to which the Company reported breaches of certain financial covenants under the terms and conditions of the Bonds. Following the May Press Release, the Company has initiated a comprehensive strategic review, including the evaluation of potential asset disposals and possible changes to its ownership structure.
Pursuant to the standstill agreement, the Company and the Bondholder Committee have agreed that from today’s date to and including 11 July 2025, the Bondholder Committee will not (and will not instruct the Agent to) accelerate any claims under the Bonds or take any enforcement actions under the Bonds. The purpose of the standstill agreement is to provide a stable platform for continued negotiations with the Bondholder Committee (including, but not limited to, negotiating the terms for a longer standstill period) and to support the ongoing strategic review process.
For more information, please contact:
Klaus Reimer, CEO
+45 40 99 55 25
klaus.reimer@sergel.com
This information is information that Legres 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, on 27 June 2025 15.45 CEST.