BICO Group AB (publ) has repurchased convertible bonds to a total nominal amount of SEK 98m
August 18, 2025 6:00 pmOn March 19, 2021, BICO Group AB (publ) (“BICO” or the “Company”) issued senior unsecured convertible bonds with a total nominal amount of SEK 1,500,000,000 (the “Convertible Bonds”).
On August 18, 2025, the Company repurchased Convertible Bonds with a total nominal amount of SEK 98,000,000 at a purchase price of 96.52 percent (excluding accrued but unpaid interest) of the Convertible Bond’s nominal amount. The total purchase consideration for the bought-back Convertible Bonds thereby amounted to SEK 94,589,600 (the “Buyback”). Following the Buyback, and together with the Convertible Bonds repurchased by BICO on November 22, 2024, and February 18, 2025, respectively (as separately communicated), the total nominal amount of repurchased Convertible Bonds by BICO totals SEK 492,000,000 leaving SEK 1,008,000,000 in Convertible Bonds outstanding.
The rationale behind the Buyback was to optimize BICO’s capital structure i.e., and further reduce long-term debt.
BICO will continue to evaluate the bond market and may from time to time repurchase further Convertible Bonds in the market, subject to the liquidity needs of the Company.
The Buyback was conducted through a safe harbour approach with DNB Carnegie Investment Bank AB (publ) as Dealer Manager.
