DDM Debt AB has successfully issued a EUR 100m senior secured bond. The bonds have a tenor of three years and carry an interest rate of 3m Euribor + 9.25%. Net proceeds from the bond issue will be used to refinance the existing EUR 85m DDM bond issue that matures in January 2020 and for general corporate purposes. Settlement is expected to be 8th April 2019 with final maturity on 8th April 2022.
About DDM Group:
DDM is a specialist acquirer and manager of distressed asset portfolios in Southern, Central and Eastern Europe. The company is headquartered in Baar, Switzerland and is listed on Nasdaq First North (in Stockholm). DDM has more than 10 years of experience from investments and debt collection with a proven track record from more than 90 portfolio acquisitions. In total the company has acquired more than 2.3 million receivables with a nominal value of over EUR 3.5 billion.