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R-LOGITECH S.A. agrees an amendment and restatement of €20 million loan facility dated 22 July 2024
- R-LOGITECH S.A. amends €20M loan facility terms.
- New maturity date extended to 30 Dec 2025.
- Additional €5M liquidity commitment from lenders secured.
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EQS-News: R-LOGITECH S.A.M. / Key word(s): Financing [Dissemination of inside information pursuant to Art. 17 of Regulation (EU) 596/2014] |
R-LOGITECH S.A. agrees an amendment and restatement of €20 million loan facility dated 22 July 2024, providing the R-Logitech Group with additional financial commitments, timing runway and flexibility to sell the R-Logitech Group's shares in Thaumas N.V.
Monaco/Luxembourg, 24 May 2025 – As previously reported, R-Logitech S.A. as borrower, RL Holding S.A. as guarantor and R-Logitech S.A.M. as parent company (together with its subsidiaries, the "R-Logitech Group") entered into a new money facility agreement dated 22 July 2024 with the certain holders of the € 254 million 10.250% notes due 2024 (ISIN: DE000A19WVN8) (the “2018/2024 Notes”) issued by R-Logitech S.A.M. and the € 46 million 10.25% notes due 2027 (ISIN: DE000A3K73Z7) (the “2022/2027 Notes”) issued by R-Logitech Finance S.A., as lenders (the “Backstop Lenders”) providing for a loan (“Loan Facility”), as referred to in the resolutions of the holders of the 2018/2024 Notes and the 2022/2027 Notes (“Noteholders”) passed in June and August 2024 (the “Noteholder Resolutions”) and the investor update dated 11 October 2024 in connection with issuance of the New Notes by RL New Money Issuance S.A., which is a lender under the Loan Facility[1].
The sale process for the R-Logitech Group’s shares in Thaumas N.V. is progressing. To further support this momentum and facilitate the sale, R-Logitech S.A. has worked with the Backstop Lenders to agree amendments to the Loan Facility that provide additional liquidity and support to the Group (the "A&R Loan Facility") including, inter alia:
- Extension of the maturity date of the Loan Facility to 30 December 2025, providing the R-Logitech Group with additional flexibility and a longer runway to complete the ongoing sale process.
- Additional commitments from the Backstop Lenders of €5 million to ensure adequate liquidity for the R-Logitech Group, which will be a zero coupon loan with the same initial redemption premium that applied to the original commitments, permitting the R-Logitech Group to preserve the distribution waterfall resolved by the Noteholders in the Noteholder Resolutions and announced in the German Federal Gazette (Bundesanzeiger).
- Waivers under the Loan Facility of 80% of historical accrued monthly premia (accruing since August 2024) and any future monthly premium accruals.
R-LOGITECH S.A.M.
investorrelations@r-logitech.com
[1] https://www.r-logitech.com/wp-content/uploads/2024/10/R-Logitech-Investor-Update.pdf
24.05.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | R-LOGITECH S.A.M. |
| 2, rue du Gabian ; Les Industries | |
| 98000 Monaco | |
| Monaco | |
| Phone: | +377 97 98 67 71 |
| E-mail: | investorrelations@r-logitech.com |
| Internet: | www.r-logitech.com |
| ISIN: | DE000A3LJCA6, DE000A3K73Z7 |
| WKN: | A3LJCA, A3K73Z |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart |
| EQS News ID: | 2144956 |
| End of News | EQS News Service |
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2144956 24.05.2025 CET/CEST
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