Eleving Group Initiates Early Redemption of Senior Secured Bonds

Eleving Group has declared the early voluntary redemption of its EUR 90,000,000 13% senior secured bonds due 2028, following a public exchange offer. The offer involves swapping existing bonds for EUR 200,000,000 9% senior secured bonds expected to be issued around October 15, 2026. Bondholders have until October 20, 2026, to participate in the exchange. Bonds not exchanged will be redeemed on November 2, 2026, or a later date as specified.

The redemption amount will be 101% of the nominal amount plus accrued interest, paid one business day before the redemption date. Subsequently, the bonds will be de-listed from the Frankfurt and Nasdaq Riga stock exchanges, under Luxembourg law.