As announced by way of press release on 4 March 2026, a written procedure was initiated on 4 March 2026 in respect of the outstanding bonds issued by Genexis Group AB’s (publ) (the “Issuer”) under ISIN SE0018040891 (the “Bonds” and holders of such Bonds, the “Bondholders”) to seek the Bondholders’ approval for the implementation of a new capital structure for the Issuer (the “Written Procedure”), including, inter alia, (i) a debt write-down through an exchange of the Bonds into new reinstated senior and junior bonds (the “Reinstated Bonds” and the ”Mandatory Exchange”), (ii) a reduction and extension of the existing super senior revolving credit facility, and (iii) the issuance of new super senior liquidity bonds which have been fully underwritten by certain Bondholders and offered pro rata to all Bondholders (the “Super Senior Bonds”). As set out in the notice of Written Procedure, Bondholders representing in excess of 66 2/3 per cent of the adjusted nominal amount under the Bonds have undertaken to vote in favour of the request contemplated by the Written Procedure.
The Issuer today announces that the Closing Date (as defined in the notice of Written Procedure) will fall on 31 March 2026, which consequently will be the first issue date of the Super Senior Bonds, and will be the exchange date in relation to the Mandatory Exchange and issue date of the Reinstated Bonds. The record date for the Mandatory Exchange falls on 30 March 2026.
The Issuer further announces that it has appointed Arctic Securities AS, filial Sverige (the “Issuing Agent”) as issuing and settlement agent in connection with the issuance of the Super Senior Bonds as well as the Mandatory Exchange, in each case as contemplated by the Written Procedure.
To facilitate the implementation of the Mandatory Exchange, the Bonds will be blocked from settlement in the settlement system of Euroclear Sweden AB from and including 17:00 CEST 30 March 2026 until the Mandatory Exchange is carried out as contemplated by the Written Procedure. During such period, settlement of transactions in the Bonds through Euroclear Sweden AB’s settlement system will not be possible. The last day of trading on Nasdaq Stockholm falls on 27 March 2026 and in connection thereto the Bonds will be delisted from Frankfurt Open Market.
Further information regarding the outcome of the Written Procedure will be communicated separately as relevant.
For further information, please contact Advokatfirman Cederquist AB, legal advisor to the Bondholder Committee, at:
E-mail: per.henriksson@cederquist.se or camilla.hedner@cederquist.se.
Phone: +46 73 960 66 07 or +46 73 960 65 76.
Download the press release as PDF
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 Magnus Björnum, Chief Financial Officer, on 26 March 2026 at 13:45 CET.
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS OR IN OR INTO ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.
About Genexis
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.
