ZETADISPLAY CONTEMPLATES ISSUANCE OF SENIOR SECURED BONDS AND ANNOUNCES CONDITIONAL TENDER OFFER FOR ITS OUTSTANDING 2023/2026 BONDS

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ZetaDisplay contemplates issuance of senior secured bonds and announces conditional tender offer for its outstanding 2023/2026 bonds March 14, 2025 ZetaDisplay AB (publ) ("ZetaDisplay” or the "Company”) has mandated Pareto Securities as Global Coordinator and Joint Bookrunner and Nordea as Joint Bookrunner to arrange a series of fixed income investor meetings commencing on March 17, 2025 to investigate the possibility to issue new senior secured floating rate bonds denominated in an expected amount of SEK 500,000,000 and with a tenor of 3 years (the "New Bonds”).

ZetaDisplay will give a notice of voluntary early redemption of all its Existing Bonds which are not repurchased pursuant to the Tender Offer at the prevailing call price of 102.325% (plus accrued and unpaid interest).

The net proceeds from the contemplated issue of New Bonds will be used to refinance existing debt, including the Company’s existing senior secured bonds with ISIN SE0018742488 plus early redemption premium and accrued but unpaid interest (the ”Existing Bonds”), fund potential future acquisitions, and finance general corporate purposes.

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Article Details

Author / Journalist: ZetaDisplay AB

Category: Technology

Markets: ChinaSweden

Topics: SE0001105511 Stockholm:ZETA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 06:30:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26980235

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