HKFoods Plc issues EUR 90 million notes
Summary
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.HKFoods Plc (the "Company") issues secured senior notes of EUR 90 million (the "Notes"). The three-year Notes mature on 17 June 2027, carry a floating interest at the rate of EURIBOR 3 months plus a margin of 7.5 per cent and had an issue price of 100 per cent.The Notes are secured by a common transaction security comprising, among other things, (i) shares in HKScan Finland Oy (to be renamed HKFoods Finland Oy) (the "Finnish Subsidiary"), (ii) intra-Group receivables owed to the Company by the Finnish Subsidiary, (iii) certain loan receivables of the Company from LSO Osuuskunta, (iv) real estate mortgages over the Finnish real properties held by the Company and the Finnish Subsidiary, (v) certain trademarks of the Finnish Subsidiary, and (vi) business mortgages over the movable assets of the Company and the Finnish Subsidiary.The Company will submit an application for the admission to trading of the Notes on the official list of Nasdaq Helsinki Ltd. The proceeds from the issue of the Notes will be used for refinancing certain existing indebtedness of the Company and general corporate purposes of the HKFoods group.Danske Bank A/S and OP Corporate Bank plc act as joint lead managers for the issue of the Notes.With 110 years of experience, we at HKFoods make life tastier today and tomorrow. HKFoods is a publicly listed company, and in 2023, our net sales from continuing operations totalled nearly EUR 1.2 billion. www.hkfoods.comThe information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the United States or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful.