Legres announces non-binding agreement in principle with major bondholders on proposed amendments to senior secured bond terms

Legres announces that it has reached a non-binding agreement in principle with a group of bondholders representing approximately 56.50 per cent. of the outstanding nominal amount of its senior secured bonds.

Legres AB (publ) (the “Company) has previously announced by way of press release on 27 June 2025 that it has entered into a standstill agreement (the “Standstill Agreement”) with a group of major 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”).

The Company has now reached a non-binding agreement in principle (the “Agreement in Principle”) with the Bondholder Committee, which includes key amendments to the terms and conditions of the Bonds including, inter alia, a consent fee, financial covenant holiday, deferral of interest payments, maturity extension option, adjustments to the redemption price, voluntary partial redemptions etc.

The Agreement in Principle is non-binding and remains subject to further discussions between the Company and the Bondholder Committee. Once in final form and agreed with the Bondholder Committee, the Company intends to initiate a written procedure to implement the Agreement in Principle into the terms and conditions of the Bonds, subject to approval by the requisite majority of bondholders voting in favour of the contemplated amendments.

For more information, please contact:

Klaus Reimer, CEO
+45 40 99 55 25
[email protected]

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 August 2025 11:00 CEST.