Eleving Group Announces Conditional Call for 9.5% Bonds

Eleving Group S.A. has announced a conditional call to redeem its EUR 150 million 9.5% bonds due from 2021 to 2026. This decision follows the group's plan to issue up to EUR 250 million in new senior secured bonds maturing in 2030. The new bonds aim to replace the existing ones through an exchange offer.

The redemption, scheduled for on or around 29 October 2025, depends on the successful issuance of the new bonds. Should the financing conditions not be fulfilled, the existing bonds will continue to accrue interest as per their terms.

Bondholders will receive the nominal value along with any unpaid interest if the redemption proceeds. Eleving Group has committed to notifying bondholders at least one business day before the redemption date regarding the status of financing conditions.