SIBS AB (publ) (the "Company" and together with its subsidiaries, the "Group") hereby informs that it has reached an agreement with bondholders representing approximately 67.5 per cent. of the outstanding amount under the Company's outstanding SEK 1,000,000,000 senior unsecured bonds with ISIN SE0023112487 (the "Bonds") in respect of certain amendments and waivers in relation to the terms and conditions of the Bonds.
The amendments supported by the relevant bondholders will ensure, amongst other things, increased financial flexibility for the Group and will be announced in detail by way of a separate written procedure in due course. The relevant bondholders have also agreed for the Company to postpone the publication of its audited consolidated financial statements for the financial year ending on 31 December 2024 to 12 May 2025.
The effectiveness of the amendments is conditional upon, amongst other things, the Company completing a successful equity raise.
For more information, please contact:
Johan Dufvenmark, CFO/IR Contact
jd@sibs.se
+46 70-597 43 75
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This information is the kind of inside information that SIBS AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the contact person above, at 5.50 pm CEST on 30 April 2025. |
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SIBS AB was founded in 2016 and is today one of the world's leading modular building manufacturers. With a scalable capacity of up to around 6 000 homes per year, we deliver sustainable, high-quality homes adapted to local conditions. SIBS has the entire integrated value chain for industrial construction within the group – from design and configuration in its own building system, industrial production in its own factories and onsite assembly/finalization. With the help of digitalization and technology, we set a new standard in the construction industry. SIBS bond is listed on Nasdaq Stockholm. Read more at www.sibs.se.
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