GenexiGenexis Group AB (publ) enters into a standstill agreement with its senior creditors and initiates a written procedure to defer the September interest payment under its bonds
Genexis Group AB (publ) ("Genexis", or the "Issuer") has instructed Nordic Trustee & Agency AB (publ) (the "Agent") to initiate a procedure in writing (the "Written Procedure") to seek the bondholders' waiver of its decision to defer the September 2025 Interest Payment (as defined below) under its up to EUR 100 million senior secured sustainability-linked floating rate bonds due 2026 (ISIN: SE0018040891) (the "Bonds").
Genexis proposes through the Written Procedure that the bondholders consent to the deferral of the interest payment originally due 8 September 2025 (“September 2025 Interest Payment”) until the following interest payment date, being 8 December 2025. Details of the proposal are further described in the notice of the Written Procedure.
Bondholders representing 65.8 per cent. of the aggregate outstanding nominal amount of the Bonds have entered into a standstill agreement with the Issuer which includes an irrevocable undertaking to vote in favour of the proposal contained in the Written Procedure.
The notice of the Written Procedure, containing the proposed waiver, and detailed information regarding the voting procedure is available at the Issuer’s website (https://genexis.eu/investors) and the Agent’s website (www.nordictrustee.com).
To be eligible to participate in the Written Procedure, a person must meet the criteria for being a bondholder on 19 September 2025. This means that the person must be registered on a securities account with the central securities depository (being Euroclear Sweden AB, Swedish Reg. No. 556112-8074, P.O. Box 191, 101 23 Stockholm, Sweden), as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Bonds.
In order for a voting instruction to be taken into account, the Agent must receive a duly completed voting form no later than 15.00 (CEST) on 8 October 2025 (the “Expiration Date”). The Written Procedure may be completed in advance if a sufficient quorum and majority of consents to the Written Procedure have been received before the Expiration Date.
The results of the Written Procedure will be published by the Issuer promptly following the Expiration Date.
For the purpose of the Written Procedure, Pareto Securities AB acts as financial advisor to the Issuer and White & Case Advokat AB acts as legal advisor to the Issuer.
For further information, please contact:
Gerlas van den Hoven, CEO
E-mail: g.vdhoven@genexis.eu
This information is information that Genexis Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 15:30 CET on 12 September 2025. NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED IN THE U.S. SECURITIES ACT) OR IN OR INTO ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL. For any queries please contact: Genexis Genexis Newsdesk News@genexis.eu Genexis is a leading European vendor of innovative broadband solutions for the home. Our customers are network operators, internet service providers, and fiber network installers. Genexis’ portfolio consists of ONTs, residential gateways, extenders, open-source-based operating systems, and communication management software. We are a European company headquartered in Stockholm (SE) and Eindhoven (NL). Genexis has a Sustainability Linked Bond listed on Nasdaq Stockholm and has earned the EcoVadis Gold medal for sustainability. www.genexis.eu https://news.cision.com/genexis-group-ab/r/genexigenexis-group-ab--publ--enters-into-a-standstill-agreement-with-its-senior-creditors-and-initi%2Cc4233539 20250912_Standstill agreement with senior creditors
