HKFoods to redeem its outstanding notes due 24 March 2025
HKFoods Plc, Stock Exchange Release 2 December 2024, 10 a.m. Finnish time
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HKFoods to redeem its outstanding notes due 24 March 2025
This notice is made in respect of HKFoods Plc's (the "Company") 5.000 per cent fixed-rate unsecured senior notes due 24 March 2025 with an initial aggregate principal amount of EUR 90,000,000 (ISIN: FI4000490990) (the "Notes").
The Company hereby gives a notice to the holders of Notes (the "Noteholders") that it will redeem all the outstanding Notes in accordance with Condition 8.3 (Clean-up call option) of the terms and conditions of the Notes.
On 17 June 2024, the Company purchased pursuant to the terms and conditions set out in the tender offer and consent solicitation memorandum dated 31 May 2024 Notes amounting to an aggregate principal amount of EUR 80,440,000 (the "Repurchase Offer"). The remaining outstanding aggregate principal amount of the Notes after the completion of the Repurchase Offer is EUR 9,560,000, representing approximately 10.62 per cent of the initial aggregate principal amount of the Notes. The Company is therefore entitled to redeem all of the outstanding Notes in accordance with Condition 8.3 (Clean-up call option) of the terms and conditions of the Notes.
The outstanding Notes will be redeemed on 20 December 2024 (the "Redemption Date") in accordance with the terms and conditions of the Notes. On the Redemption Date, the Company will pay to the Noteholders a redemption price per Note equal to 100 per cent of their principal amount together with any accrued but unpaid interest. Interest on the Notes to be redeemed accrues until (but excluding) the Redemption Date.
This notice of redemption is irrevocable. All the outstanding Notes redeemed by the Company will be cancelled and de-listed from the official list of Nasdaq Helsinki Ltd.
Further information:
- Juha Ruohola, CEO, tel. +358 400 647 160
- Mika Tilli, CFO, tel. +358 50 538 5793
- HKFoods Media Service Desk, tel. +358 10 570 5700 or [email protected]
With 110 years of experience, we at HKFoods make life tastier – today and tomorrow. With nearly 3,000 professionals, we make responsible and locally produced food for consumers' various food moments. Our well-known brands in Finland are HK®, Kariniemen® and Via®. We are developing a more climate-friendly way of producing food. HKFoods is a publicly listed company, and in 2023, our net sales from continuing operations totalled EUR 933 million. www.hkfoods.com
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Nasdaq Helsinki Oy