Nottingham, 19 January 2024 – On 19 January 2024, Impala Bondco Plc (the “Company“) was scheduled to make a payment of interest under the up to SEK 500,000,000 senior secured floating rate bonds with ISIN NO0011117145 (the “Bonds“). The Company has on the date hereof not made the payments of interest resulting in the occurrence of an event of default under the terms and conditions of the Bonds (the “Non-Payment“).
For this reason, standstill undertakings have been entered into by the Company and holders of the Bonds representing more than 50 per cent. of the outstanding nominal amount, temporarily preventing, among other things, any acceleration and/or enforcement of security as a result of the Non-Payment in order to provide sufficient time to reach an agreement with the holders of Bonds with respect to the Non-Payment and a long term solution with holders of the Bonds in respect to the Bonds.
The Company has initiated discussions with a majority of holders of Bonds to negotiate an acceptable solution to the Non-Payment, including amendments of the terms and conditions of the Bonds (the “Amendments“). A written procedure will be initiated by the Company in order to process the Amendments.
Pareto Securities AB has been retained as the Company’s financial advisor.
For further information, please contact:
Ian Kelly, CFO
Telephone: +44 (0) 1509 611 341
Email: [email protected]
This information is information that Impala Bondco Plc 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, at 8:00 am CET on 19 January 2024.