Zengun Group AB (publ) announces final tender results and issue of new senior secured bonds

Zengun Group AB (publ), (“Zengun” or the “Issuer”) today announces the final results of its invitation dated 5 October 2020 to the holders of its outstanding bonds outlined below (together, the “Bonds”) to tender their Bonds for purchase by the Issuer for cash (the “Tender Offer”).

The Tender Offer was made on the terms and subject to the conditions set out in a tender information document dated 5 October 2020 (the “Tender Information Document”), available on the website of the Issuer: https://zengun.se/sv/prospectus/

Valid tender instructions for Bonds in an aggregate nominal amount of SEK 253,778,850 were received pursuant to the Tender Offer. Details of tendered amount are set out below.

The Issuer furthermore announces that new senior secured bonds in a total nominal amount of SEK 600,000,000 with a maturity of 4 years have been successfully issued (the “New Bonds”). The interest rate for the New Bonds is 3m STIBOR + 700 bps.

All valid tender instructions received pursuant to the Tender Offer will be accepted for purchase by the Issuer, subject to satisfaction of the New Financing Conditions (as defined in the Tender Information Document).

The purchase price payable per Bond following satisfaction of the New Financing Conditions (as defined in the Tender Information Document) is as set out below, in addition to which the Issuer will pay an amount equal to any accrued and unpaid interest on the relevant Bonds (in accordance with the applicable terms and conditions of the Bonds):

Description of the Bonds / ISIN / Offered Tendered Amount / Accepted Tender Amount / Outstanding Amount after Tender Offer / Purchase Price

2019/2022 Senior Secured FRN / SE0012481414/ SEK 253,778,850 / SEK 253,778,850 / SEK 161,571,150 / 104.290%

Subject to satisfaction of the New Financing Conditions (as defined in the Tender Information Document), settlement of the Tender Offer will occur on or around 19 October 2020. Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via Nordea Bank Abp (the “Sole Bookrunner” and the “Dealer Manager”). All tendering bondholders should coordinate the trade bookings with their local sales representative immediately.

Information about the Tender Offer may be obtained from the Dealer Manager.

Dealer Manager for the Tender Offer:

Nordea Bank Abp: +45 5170 0214, NordeaLiabilityManagement@nordea.com

For more information, please contact the issuer:

Sture Nilsson, Managing Director and CEO +46 (0)70 580 04 15
sture.nilsson@zengun.se

This information is information that the Issuer is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish securities markets act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 16.15 CEST on 13 October 2020.