ABGSC acted as financial advisor to DDM Debt AB in connection with the amendment of the EUR 50 million senior secured bond terms

On Friday 14 August, DDM Debt AB (“DDM” or the “Company”) successfully resolved a written resolution to amend and extend the terms of the Company’s EUR 50 million senior secured bonds.
Given the uncertainty in the financial markets during the spring, the overall objective of the amendments proposed was to postpone the bonds’ final redemption date by one year, to December 2021. The concluded amendments to the terms and conditions included, among other things, a new call structure and a mandatory partial redemption structure.
A requisite majority of the voting bondholders voted in favour of the request to amend the terms and conditions of the Company’s bonds.