Brödernas Group AB (publ) delays the publication of the Group’s quarterly financial statements for the third quarter 2025 and defers upcoming interest payment
Reference is made to Brödernas Group AB (publ) (“Brödernas”) SEK 175,000,000 senior secured callable fixed rate bonds with ISIN NO0013250597 (the “Existing Bonds”).
Brödernas shall, in accordance with Section 14.1 (b) of the terms and conditions for the Existing Bonds, publish quarterly reports for the Group no later than 2 months after expiry of each financial quarter. Due to the ongoing restructuring process, Brödernas will postpone the publication of the quarterly interim unaudited consolidated financial statements for the financial quarter ending 30 September 2025 (the “Q3 Report”) until further notice. An event of default under the Existing Bonds will occur if the Q3 Report has not been published following the applicable grace period of 15 Business Days under the terms of the Existing Bonds. The Group’s current assessment is that the Q3 Report will be published before the expiry of such 15 Business Days grace period.
Further, Brödernas has, in accordance with Section 12 of the terms and conditions for the Existing Bonds, an upcoming payment of inter alia cash interest in amount of approximately SEK [7,500,000] due on the Interest Payment Date 10 December 2025. Due to the ongoing restructuring process and the group’s liquidity situation, Brödernas will defer the interest payment due 10 December 2025 under the Existing Bonds until further notice. The deferred interest payment will constitute an event of default under the terms of the Existing Bonds.
For further information, please contact:
Richard Forsshéll, CEO