News Story published:

Altrad Group to acquire Hawk Debtco Limited’s indirect parent company Hawk Newco Limited from AEA Investors

Entities associated with funds managed by AEA Investors LP have signed an agreement to sell Hawk Newco Limited, the indirect parent company of Hawk Debtco Limited (the “Company”), to a subsidiary of Altrad Group. Completion of the transaction is subject to customary regulatory approvals and is expected to occur by the second or third quarter of 2022 (“Completion”).

On 22 December 2020, the Company issued senior secured fixed rate bonds in an amount of EUR 110,000,000 within a framework of up to EUR 150,000,000 with ISIN NO0010911928 (the “Bonds”) which are listed on the Corporate Bond List of Nasdaq Stockholm. In connection with and subject to Completion, the Company intends to redeem the Bonds in full pursuant to the terms and conditions of the Bonds. Any formal notice of total voluntary redemption and the conditions for such redemption, if such right is decided to be utilised by the Company (in its sole discretion), will be published and sent to the bondholders in accordance with the terms and conditions of the Bonds.

For additional information, please contact:
Neil Johnson
Chief Financial Officer

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 02 March 2022.

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