EQS-Adhoc

4finance EUR 2025 bondholders approve refinancing

EQS-Ad-hoc: 4finance S.A. / Key word(s): Bond 4finance EUR 2025 bondholders approve refinancing 27-Oct-2023 / 19:39 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

---

4finance EUR 2025 bondholders approve refinancing

Delivers balanced maturity profile, with bonds extended to May 2028
Resounding support for the amendments with over 70% participation and over 90% approval

27 October 2023. 4finance Holding S.A. (the “Group”), one of Europe’s largest digital consumer lending groups, today announces results of its recent bondholder vote. The resolution, which included extending the maturity of its EUR 2025 bonds to May 2028, was successfully passed. On Monday 30 October, the deed signed by the Notary will be filed with the German Federal Gazette and published on the Group's website.

The Notary, acting as scrutineer to the vote, has confirmed that valid votes were received from over 1,200 investors, in total holding approximately EUR 95 million in nominal value of bonds. Such participation represents of 72% of outstanding bonds, so the quorum threshold of 50% was duly satisfied. The resolution was approved by 94% of investors by value, so the qualifying majority threshold of 75% was also duly satisfied.

The extension sees bondholders who voted receiving a 1.25% participation fee.

Fees will be paid to the participating investors once the Terms and Conditions of the EUR bonds are formally amended in early December 2023. The full documentation is available on the Group's website.

Kieran Donnelly, CEO of 4finance, commented, “Our investor base had indicated strong support for our business and our efficient way of refinancing. One that intentionally puts much of the cost of refinancing into the pockets of our bondholders. We are pleased to have that view resoundingly confirmed at the vote."

James Etherington, CFO of 4finance said: "I'm grateful to our bondholders for the high level of interest in the process and hope that they will remain actively engaged. Over 1,200 investors participated, both large and small, with 94% approval by count as well as by value, demonstrating strong support from both retail and institutional investors."