Legres AB (publ) contemplates issuance of senior secured bonds and provides financial forecast for Q2 2023 result

Legres AB (publ) (“Legres”) has mandated ABG Sundal Collier AB to arrange a series of fixed income investor meetings starting on 12 June 2023. Subject to, inter alia, market conditions, a senior secured bond issue in an expected amount of SEK 325 million may follow. Advokatfirman Vinge KB has been mandated as legal advisor.

The net proceeds from the bond issue will, if completed, be used to refinance its existing bonds with ISIN SE0012729010 (the “Existing Bonds”).

As disclosed by Legres by way of a press release published on 9 June 2023, Legres has secured committed financing for a total refinancing of the Existing Bonds. In connection with the ongoing refinancing process, Legres provides a financial forecast for Q2 2023 result on EBITDA level.

Forecast for the period April – June 2023.

• Adj. EBITDA (adjusted for non-recurring items and IFRS16 effects calculated in accordance with the terms and conditions for the Existing Bonds) forecast of approximately SEK 22 million

Important to note regarding forward-looking information

This press release contains so-called forward-looking information and statements that are based on current expectations, estimates and projections about factors that may affect Legres’ future performance. However, there are many risks and uncertainties, many of which are beyond Legres’ control, that may cause Legres’ actual results to differ materially from the forward-looking information and statements in this press release and that may affect Legres’ ability to achieve the expected results. Undue reliance should not be placed on any forward-looking statements, including forecasts, which speak only as of the date they are made.

About Legres AB (publ) Legres AB (publ) is the parent company for the Sergel companies in the Nordics. The group has approximately 330 employees and consists of Sergel Kredittjänster AB in Sweden, Sergel Oy in Finland, Sergel Norge AS and Sergel A/S in Denmark. Sergel offers services across the entire credit life cycle through its four segments; Debt Collection, Connect, Credit Decision, and Accounts Receivable.

For further information please contact:

Klaus Reimer CEO, +45 40 99 55 25 klaus.reimer@sergel.com
Niklas Mortimer Undén, CFO, +46 705 740 817, niklas.m.unden@sergel.com