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Hawk Debtco gives conditional notice of early redemption of bonds with ISIN NO0010911928

Hawk Newco Limited (the “Company”) hereby gives conditional notice of early redemption of its 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”) in full, which notice will also be sent to VPS (Norway) for delivery on 22 June 2022 to persons registered in the securities account with VPS (Norway) as holders of Bonds. The early redemption date is expected to be 15 July 2022.

As previously announced by the Company, entities associated with funds managed by AEA Investors LP have signed an agreement to sell Hawk Newco Limited, the indirect parent company of the Company, to a subsidiary of Altrad Group (the “Transaction”). The early redemption is fully conditional upon completion of the Transaction (the “Condition”). The Condition is expected to be fulfilled on or before 12 July 2022

Subject to the fulfilment or waiver of the Condition, in accordance with the terms and conditions, the Bonds will be redeemed at an amount equal to 105.25 percent of the total outstanding nominal amount (i.e., EUR 105,250 per Bond) plus the remaining interest payments, up to, but excluding, the First Call Date (being 22 December 2022). The early redemption amount, together with any accrued and unpaid interest, will be paid to each person registered in the securities account with VPS (Norway) as holder of Bonds as of the record date 13 July 2022, i.e., two business days prior to the early redemption date. In connection with the early redemption, the Bonds will be delisted from corporate bond list of Nasdaq Stockholm and the Open Market of the Frankfurt Stock Exchange.

If the Condition is satisfied or waived by the Company, the early redemption will be irrevocable. Should the Condition not be satisfied or waived, the early redemption will not occur and in such case, this will be communicated by the Company by way of press release. If the Company by 12 July 2022 has not communicated through a press release that the Condition has not been fulfilled, the Condition shall be deemed to be satisfied or waived by the Company and the redemption will be irrevocable without any further communication.

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).

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