Press releases

Novedo Holding AB (publ) ("Novedo") has today completed the issuance of senior secured bonds of SEK 1,250 million under a total framework of SEK 2,000 million with a three-year maturity, as announced in a press release dated September 10, 2024.

An Extraordinary General Meeting (EGM) of Novedo Holding AB (publ), corporate identity number 559334-4202, was held today, September 17, 2024, in Stockholm. The EGM resolved a directed issue of convertible bonds in order to strengthen the company's capital structure. At the meeting, approximately 76.0 percent of the company's shares and votes were represented.

Novedo Holding AB (publ) (”Novedo” or the “Company”) has today successfully placed senior secured bonds in an amount of SEK 1,250 million under a framework of SEK 2,000 million with a tenor of 3 years (the “New Bonds” or the “Bond Issue”). The New Bonds will carry floating interest of STIBOR 3m plus 7.00 percent per annum and are issued at par. The Bond Issue generated strong demand from a broad base of Nordic and international institutional investors and was oversubscribed.

Novedo Holding AB (publ) (“Novedo” or the “Company”) has mandated ABG Sundal Collier AB and Pareto Securities AB as joint book-runners to arrange a series of fixed-income investor meetings commencing on September 3, 2024, to explore the possibility to issue senior secured bonds with a tenor of three years and with an initial issue amount of SEK 1,250 million, within a framework of SEK 2,000 million (the “New Bonds”). A capital markets transaction may follow, subject to inter alia market conditions.

Novedo Holding AB (publ) (”Novedo” or “the Company”) has successfully completed bookbuilding of four-year second-lien secured convertible bonds (the “Convertible Bonds” or the “Convertible Bond Issue”) in a total nominal amount of SEK 550 million including undertakings by entrepreneurs to convert earnouts, vendor notes and reinvestments amounting to SEK 164 million into the Convertible Bonds as they fall due[1]. Excluding future reinvestment commitments by entrepreneurs of SEK 122 million, the initial issue volume amounts to SEK 428 million. The controlling majority owner will convert its shareholder loan of SEK 123 million into Convertible Bonds in the Convertible Bond Issue.

Second quarter (April–June 2024)

Novedo Holding AB (publ) ("Novedo" or the "Company") has today adopted updated financial targets to reflect Novedo's growth and profitability targets for the period 2024–2028. The Board of Directors has the ambition to reduce Novedo's debt during this period, but the existing debt target remains for now.

Novedo Holding AB (publ) has decided to bring forward the publication of the interim report for the second quarter of 2024 to August 19, 2024, because the report has been completed earlier than expected. The previous date for publication of the report was set for August 22, 2024.

Novedo Holding AB (publ) ("Novedo") has appointed Jonas Söderkvist today as the new CFO and member of the Group Management. Jonas will take on his role in the third quarter of 2024 and replace Lars Kvarnsund, interim CFO since December 2023.

Annual General Meeting of Novedo Holding AB (publ), Corp. ID No. 559334–4202 was held today, May 16, 2024, in Stockholm. All resolutions, except for remuneration to the Board of Directors, were in accordance with the proposals submitted in advance by the Nomination Committee and the Board of Directors. At the meeting, 80.7 percent of the company's shares and votes were represented.

The AGM passed the following resolutions in brief:

Adoption of income statements and balance sheets
The AGM adopted the income statements and balance sheets for the Parent Company
and the Group for the financial year 2023.