Hoist Group to initiate discussions with holders of its mSEK 500 bond loan
Hoist Group Holding Intressenter AB (publ) (the “Company“) has decided to approach the current holders of its outstanding mSEK 500 senior secured bonds 2017/2021 with ISIN SE0010101576 (the “Bonds”) to propose an amendment to the terms and conditions of the Bonds to permit a temporary increase to the Company’s working capital facility. The purpose of the proposed amendment is to provide the Company with greater flexibility to manage current market conditions and support the execution of its strategic growth agenda. Further details, including a formal summons to a written procedure, will follow in due course.
The Company has retained Pareto Securities AB as financial advisor in connection with the proposed amendment to the terms and conditions of the Bonds.
CEO, Hoist Group
For more information please contact:
Magnus Lindholm, CFO, Hoist Group
This information is information that Hoist Group Holding Intressenter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act (Sw. Lag (2007:528) om värdepappersmarknaden). The information was submitted for publication, by the contact persons set out above, at 13:00 CEST on 16.06.2020.
Hoist Group provides technology solutions to hotels, enabling hoteliers to manage coherent end-to-end digital journeys for their customers. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative Property Management & Booking Software, Managed IP Networks, Internet and TV Content as well as from many other digital touchpoints. Headquartered in Stockholm with 20 offices across EMEA, Hoist Group is nearly 500 dedicated staff serving over 5,000 unique hotels.