RopoHold Oyj’s voluntary total redemption of its up to EUR 75,000,000 senior secured floating rate bonds

RopoHold Oyj (“Ropo Capital” or the “Company”) has decided to exercise the option to redeem its up to EUR 75,000,000 senior secured floating rate bonds with ISIN FI4000292461 (the “Bonds”) in accordance with the terms and conditions of the Bonds. All the outstanding Bonds will be redeemed in full on 12 April 2019 (the “Redemption Date”), at an amount per Bond equal to the make whole amount of the Bonds (as defined in the terms and conditions of the Bonds).

This notice of the voluntary redemption of the Bonds is given to bondholders in accordance with the terms and conditions of the Bonds. The notice of the voluntary redemption to bondholders is attached hereto.

As announced on 25 February 2019, Adelis Equity Partners Fund II, a private equity fund advised by Adelis Equity Partners AB, has agreed to acquire a majority ownership in Ropo Capital (the “Acquisition”). The redemption of the Bonds and the giving of the notice of the voluntary redemption of the Bonds to bondholders, is subject to and conditioned upon the completion of the Acquisition, and Ropo Capital shall not, and shall have no obligation to, redeem any of the Bonds pursuant to the notice of the voluntary redemption of the Bonds to bondholders unless the completion of the Acquisition has been fulfilled on or prior to the Redemption Date.

The Bonds have been listed on the official list of Nasdaq Helsinki Ltd since 29 August 2018. It is expected that the Company will apply for delisting of the Bonds from Nasdaq Helsinki Ltd.

If the completion of the Acquisition is not satisfied on or prior to the Redemption Date, the Bonds will remain outstanding and interest will continue to accrue in accordance with the terms and conditions of the Bonds.

For more information, please contact

ROPOHOLD OYJ
Toni Rönkkö, CFO
phone: +358 44 5698 168
email: toni.ronkko@ropocapital.fi

Ropo Capital is an invoice lifecycle services provider driven by strong technological platform. Currently it is the only company in the Nordics with the ability to cover the full value chain of invoicing lifecycle management services, from invoicing and sales ledger management to receivables financing and debt collection, by leveraging completely in-house developed technology. The Company’s ability to automate the invoicing lifecycle process enables a superior customer value proposition through more efficient receivables management and reduced process complexity. Ropo Capital was established in 2008 and today approximately 8,000 companies in Finland use its services. The Company employs approximately 180 professionals in Kuopio, Porvoo and the capital region.

Attachements:
Notice of voluntary redemption