Given Delete’s current M&A pipeline, financing structure, and strong capital markets conditions, Delete decided on 7 April 2017 on an issuance of an inaugural bond.
The proceeds of the issue were used to repay existing financing facilities and for general corporate purposes, including growth acquisitions. The new bond is a 4 year floating rate note with 3 month Euribor + 500 bps margin and a 0% floor. According to the terms and conditions of the bond, Delete will, subject to certain restrictions, be able to tap the bond market for up to EUR 45 million of additional funds.
In accordance with the bond terms and conditions, Delete applied for the listing of the bond on the Official List of Nasdaq Helsinki Ltd within 12 months from the issuance of the bond, on 19 April 2018. A listing prospectus was prepared for this purpose in accordance with the EU Prospectus Directive and the Finnish Securities Market Act. Further, according to the terms and conditions of the bond, Delete will start to report publicly its quarterly and annual financial statements following the listing of the bond.
Before listing the bond, Delete has reported its quarterly financials on this site.
Nordea Bank AB (publ), Finnish Branch acted as the Lead Manager and sole bookrunner for the bond.
Senior secured bond terms and conditions on 27 November 2019
Stock Exchange Release on 5 February 2021
Delete Group Oyj announces that the conditions for effectiveness of certain amendments to the terms and conditions of its secured notes are satisfied
The Terms and Conditions as amended by the Amendments on 5 February 2021
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