31.05.2024 / 07:35 CET/CEST.
Multitude SE: Fixed-income investor meetings
Helsinki, 31 May 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) has mandated Arctic Securities and Pareto Securities to arrange a series of fixed-income investor meetings commencing 31 May 2024. Subject to inter alia market conditions, a new 4-year unsecured bond issue of up to EUR 100 million may follow. The new bond is expected to be issued by a Finnish company to be established, Multitude Capital Oyj, which will be wholly owned by Multitude SE. The new bond is expected to be guaranteed by Multitude SE. Net proceeds from the contemplated transaction will be used towards refinancing Multitude SE’s EUR 50 million senior unsecured bonds (ISIN: NO0012702549) (“MLTD02”), transaction costs, and for general corporate purposes of the Group. In connection with the potential new bond issue, Multitude SE will offer an exchange of MLTD02, which will be contingent upon subscription in the new bond. Subject to the completion of the transaction, Multitude SE will call the remaining net outstanding amount of MLTD02 in whole.
