RoodMicrotec announces completion of secured bond loan refinancing

Deventer, March 25, 2021 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today announces the completion of the refinancing of the secured bond loan issued in 2014. A small group of long time investors has provided the funds for the new loan to the Company and the Company has transferred the funds to NPEX, who will administer the repayment of the outstanding bonds in the amount of EUR 2.5 million to the bond-holders. RoodMicrotec’s management participates in the refinancing to show their confidence in the Company’s business plans and future projects.

The redemption date of the bonds is Wednesday March 31, 2021. The last trading day of the RoodMicrotec bonds on the NPEX will be Tuesday March 30, 2021.

The refinancing comprises the following key elements of the new loan:

• A loan of EUR 2.6 million with a duration of 36 months has been granted to RoodMicrotec N.V. The loan has a 4.75% p/a interest that shall be paid quarterly.
• The loan is unsecured, provided that in the event of a default the lenders (other than the management) may require RoodMicrotec N.V. to grant a first ranking right of mortgage on property of RoodMicrotec GmbH in Nördlingen; and a first ranking right of pledge on other fixed assets of RoodMicrotec GmbH, located in Nördlingen and Stuttgart.
• RoodMicrotec N.V. will grant a total number of 7,485,000 non-listed 5-year warrants to the lenders (except the management). Each warrant shall entitle the relevant lender or subsequent holder of the warrants to subscribe for one ordinary share in the capital of the Company at a subscription price of EUR 0.15, to be paid in cash upon exercise. Of the warrants issued, 1/3 shall be issued on a non-conditional basis with a vesting period of 1 year, 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the first anniversary of completion and 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the second anniversary of completion. As no warrants shall be granted to the management, they shall be entitled to 6.75% p/a interest on the loan.

“The completion of the new financing enables us as Board of Management to focus on the future business growth of RoodMicrotec. It also provides a solid base for the next three years in which we plan to continue to develop our services to meet the increasing demands from our customers, especially given the current challenging climate in the semiconductor industry.” says Martin Sallenhag, CEO of RoodMicrotec N.V. “I would like to express our sincere gratitude to the long time investors that have shown a great deal of confidence in the future direction of RoodMicrotec, as well as to the current bond-holders that have supported us since 2014 by participating in the secured bond loan.”