SIBS AB (publ) (the "Company" and together with its subsidiaries, the "Group") has instructed the agent for the Company's outstanding SEK 1,000,000,000 senior unsecured bonds with ISIN SE0023112487 (the "Bonds") to initiate a written procedure to request to amend the terms and conditions of the Bonds (the "Terms and Conditions"). This is the continuation of the announcement made on June 30, 2025.
The Company has reached an agreement with, and received voting undertakings from, bondholders representing approximately 67.5 per cent. of the outstanding amount under the Bonds to vote in favour of the request and is thus expecting that the written procedure will be approved.
The amendments agreed upon are set out in full in the notice to the written procedure and includes, amongst other things, deferring interest for the four upcoming interest periods (starting from the interest period ending on 7 October 2025) and that payment of such interest may be made in connection with the repayment of the Bonds or earlier at the election of the Issuer. Interest will accrue on any deferred interest.
The amendment to the bond terms is being made in connection with SIBS's capital raise and is expected to enhance the Group’s financial flexibility, supporting efficient liquidity planning and strengthening the foundation for continued business development.
The agent will deliver the notice of a written procedure to all bondholders on 11 July 2025. The written procedure will end on 30 July 2025. To be eligible to participate in the written procedure a holder must fulfil the formal criteria for being a bondholder on 16 July 2025. This means that the holder must be registered on a securities account with Euroclear Sweden AB as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Bonds.
For more information, please contact:
Johan Dufvenmark, CFO
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 3.00 pm CEST on 11 July 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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