NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") (EACH A "U.S. PERSON") OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
Intrum AB announces the results of the tender offers to the holders of outstanding senior secured exchange notes (the "Notes") issued by Intrum Investments and Financing AB (the "Offeror"), a subsidiary of Intrum AB. The Offers were conducted pursuant to the terms of the indentures entered into by the Offeror and Intrum AB, among others, as part of Intrum AB's recapitalization transaction completed in July 2025, with prices determined pursuant to a separate unmodified Dutch auction in respect of each Series of Notes, using a "waterfall" methodology under which the Offeror accepted Notes in the order of their respective Acceptance Priority Levels. Capitalised terms used in this announcement but not defined have the meanings given to them in the tender offer memorandum dated 7 November 2025.
The Offeror today announces that it has decided to accept for purchase €63,750,584 and SEK 218,752,083 (equivalent to €19,950,190) in aggregate principal amount of the Notes validly tendered pursuant to the Offers. The Notes Purchase Consideration for the Notes validly tendered and accepted for purchase is €74,999,997.44.
The final results of the Offers are as follows:
| Securities | ISIN | Series Acceptance Amount | Scaling Factor |
Weighted average of the Purchase Price | Maximum Purchase Price |
Expected principal amount outstanding following the Settlement Date |
| Euro-denominated 7.750% Senior Secured Notes due 2027 | XS3099983598 | €39,785,502 | N/A | 92.64% | 93.5% | €451,845,440 |
| SEK-denominated 7.750% Senior Secured Notes due 2027 | XS3099986427 | SEK 218,752,083 | N/A | 91.48% | 93.5% | SEK 417,935,896 |
| Euro-denominated 8.500% Senior Secured Notes due 2029 | XS3099995337 | €23,965,082 | 73.0% | 83.00% | 83.0% | €588,995,646 |
| SEK-denominated 8.500% Senior Secured Notes due 2029 | XS3099996145 | SEK 0 | N/A | N/A | N/A | SEK 794,699,899 |
| Euro-denominated 8.500% Senior Secured Notes due 2030 | XS3099996814 | €0 | N/A | N/A | N/A | €736,589,758 |
| SEK-denominated 8.500% Senior Secured Notes due 2030 | XS3099996905 | SEK 0 | N/A | N/A | N/A | SEK 953,120,308 |
| Euro-denominated 7.750% Senior Secured Notes due 2028 | XS3099990296 | €0 | N/A | N/A | N/A | €613,816,577 |
| SEK-denominated 7.750% Senior Secured Notes due 2028 | XS3099994520 | SEK 0 | N/A | N/A | N/A | SEK 795,067,466 |
Settlement of the Offers and payment of the Purchase Price and Accrued Interest Payment in respect of the Notes accepted for purchase is expected to take place on 19 November 2025. Notes that are not tendered and accepted for purchase pursuant to the Offers will remain outstanding.
For further information, please contact:
Annie Ho, Head of Investor Relations
ir@intrum.com
No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement come(s) are required by the company to inform themselves about, and to observe, any such restrictions.
Intrum is Europe's leading provider of credit management services, operating in 20 markets. We support millions of individuals in achieving financial recovery whilst helping businesses to get paid. With a century of experience, around 9,500 employees serving 70,000 companies, Intrum enables sustainable payments by combining technology, empathy, and a human-centered approach.
Intrum is headquartered in Stockholm, Sweden, and publicly listed on Nasdaq Stockholm. For more information, please visit https://www.intrum.com.
About Intrum
| Intrum is Europe's leading provider of credit management services, operating in 20 markets. We support millions of individuals in improving financial health whilst helping businesses to get paid. With a century of experience, around 9,000 employees serving 70,000 companies, Intrum enables sustainable payments by combining technology, empathy, and a human-centered approach.The company is headquartered in Stockholm, Sweden, and publicly listed on Nasdaq Stockholm. For more information, please visit https://www.intrum.com. |