Qflow obtains approval from bondholders regarding certain amendments to the terms and conditions of its senior secured bonds, enabling settlement of SEK 400 million subsequent bonds
Qflow obtains approval from bondholders regarding certain amendments to the terms and conditions of its senior secured bonds, enabling settlement of SEK 400 million subsequent bonds
Qflow Group AB (publ) (“Qflow”) announced on 3 June 2026 that a written procedure had been initiated for the purpose of seeking approval from the holders (the “Bondholders”) of its bonds with ISIN SE0022759825 (the “Bonds”) to make certain amendments to the terms and conditions of the Bonds (the “Terms and Conditions”).
Qflow hereby announces that Bondholders representing more than 66 2/3 per cent. of the outstanding nominal amount of the Bonds have voted in favour of the request to amend the Terms and Conditions for the purpose of increasing the framework amount from SEK 1.2 billion to SEK 1.6 billion and to reduce the equity ratio threshold for the purpose of the incurrence test from 35.0 per cent to 32.5 per cent. The requisite quorum and majority requirement have been obtained and the amendments proposed in the notice of written procedure shall be deemed to be approved as of 24 June 2026.
Bondholders will be entitled to an amendment fee equal to 0.75 per cent of the Nominal Amount (as defined in the Terms and Conditions) held by such bondholder on 25 June 2026. Payment of the amendment fee is expected to occur on 2 July 2026. For the avoidance of doubt, the amendment fee will only be payable to holders of the Initial Bonds and the Subsequent Bonds (each as defined in the Terms and Conditions) issued prior to the 3 June 2026 (i.e. not to the holders of any Subsequent Bonds issued in the contemplated Tap Issue).
As a result of the written procedure being approved, settlement of subsequent Bonds in an amount of SEK 400 million, as announced in the press release dated 3 June 2026, will occur on 26 June 2026.
The results of the written procedure will be published on the websites of Qflow (www.qflow.se) and Nordic Trustee & Agency AB (publ) (www.nordictrustee.com and www.stamdata.com).
Danske Bank A/S, Danmark, Sverige Filial and Pareto Securities AB acted as joint bookrunners in connection to the issuance of the bonds. Advokatfirman Vinge acted as legal counsel.
For more information, please contact:
Linda Årsköld, Head of Group Finance
+46 72 328 00 25
[email protected]
About Qflow
Qflow has its headquarters in Malmö. Learn more at www.qflow.se.