Eleving Group starts public offering of new Senior Secured and Guaranteed EUR 2025/2030 Bonds

EQS-News: Eleving Group S.A. / Key word(s): Bond Eleving Group starts public offering of new Senior Secured and Guaranteed EUR 2025/2030 Bonds 06.10.2025 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement.

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Public Offer

• Offer to subscribe for new Senior Secured and Guaranteed EUR 2025/2030 Bonds (ISIN XS3167361651) with an issue price of EUR 1,000 per bond and a fixed interest rate of at least 9.5% p.a.
• Total volume of up to EUR 250 million corresponds to up to 250,000 bonds denominated at EUR 1,000 each.
• Subscription Period for Public Offer to retail investors starts on 6 October 2025, 09:00 CEST / 10:00 EEST, in Estonia, Latvia, Lithuania, Luxembourg, and Germany.
• Subscription Period ends on 17 October 2025, 13:00 CEST / 14:00 EEST (subject to early closing).*
• Parallel to the Public Offer, an Exchange Offer for Eleving Group’s outstanding EUR 150 million 9.50% Senior Secured Bonds due 2026 (ISIN XS2393240887) is running from 29 September 2025 until 15 October 2025, 13:00 CEST / 14:00 EEST. Existing bondholders may exchange their notes into the new 2025/2030 bonds at a 1:1 ratio.
• Eleving Group has announced a conditional call to redeem in full any Existing Bonds (2021/2026) not exchanged during the Exchange Offer, subject to the successful issuance of the new bonds and satisfaction of the related financing conditions (per the Existing Bonds’ terms and conditions).
• Final interest rate of bonds to be issued will be announced on or around 17 October 2025.

Eleving Group today starts the Public Offer of its new EUR 2025/2030 Bonds, expected to carry a B rating from Fitch Ratings, in Estonia, Latvia, Lithuania, Luxembourg, and Germany.

Public Offer Conditions

The new EUR 2025/2030 Bonds (ISIN XS3167361651) will be offered at an issue price of 100% per bond to retail investors for subscription in Estonia, Latvia, Lithuania, and Luxembourg, as well as in Germany via custodian banks and additionally via the DirectPlace subscription function of the Frankfurt Stock Exchange.

The total volume of the new bonds amounts to up to EUR 250 million, corresponding to up to 250,000 bonds denominated at EUR 1,000 each. The bonds carry a fixed annual coupon of at least 9.5% p.a., payable semi-annually on 31 March and 30 September of each year, commencing on 17 October 2025 and first payment on 31 March 2026. The bonds will mature on 24 October 2030.