Acroud AB (publ) (the “Company” or “Acroud”) announces that it will until further notice postpone the interest payment due on 7 October 2024 on its SEK 225,000,000 senior secured bonds with ISIN SE0017562481 (the "Bonds"). Acroud also announces that it has entered into a standstill agreement with certain larger bondholders in order to receive time to find and implement a long-term viable solution for the Company which will strengthen its financial and liquidity position and to manage the upcoming maturity of the Bonds.
Pursuant to the terms and conditions of the Bonds (the “Terms and Conditions”), Acroud shall make quarterly interest payments to the bondholders. According to the Terms and Conditions, the next interest payment for the Bonds shall be made on 7 October 2024 (the "Interest Payment"). Acroud hereby announces that it, due to its current financial situation and as a result of the ongoing discussions with its stakeholders to find a long-term viable solution for the Company, has decided to postpone the Interest Payment due on 7 October 2024.
Acroud further informs that it has entered into a standstill agreements with holders of Bonds representing approx. 54.5% of the adjusted nominal amount of the Bonds which include undertakings not to take any actions under the Terms and Conditions due to the postponement of the Interest Payment.
Acroud is working closely together with certain larger holders of the Bonds, its main shareholders and other stakeholders, to find and implement a long-term viable solution for the Company which will strengthen its financial and liquidity position and to manage the upcoming maturity of the Bonds. Any such solution is subject to approval of the holders of Bonds and other stakeholders and may include amended terms for the Bonds as well as other transactions. Subject to a commercial agreement between all parties, the Company expects that a solution will be communicated in the near future.
Responsible parties
This information constitutes inside information that Acroud AB (publ) is required to disclose under the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact person below, at the time specified by Acroud AB’s (publ) news distributor Cision for publication of this press release. The persons below may also be contacted for further information.
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
Andrzej Mieszkowicz, CFO
+35699112090
ACROUD AB (publ)
Telephone: +356 2132 3750/1
E-mail: [email protected]
Website: www.acroud.com
Certified Adviser: FNCA Sweden AB, [email protected]
From May 2024 (Q1 Report) Acroud has changed reporting and company language to English. This means that Interim Reports and the correlated press releases will be issued in English only.
About ACROUD AB
ACROUD is a fast-growing global challenger that operates and develops comparison and news sites within Poker, Sports Betting and Casino. Acroud also offers SaaS solutions for the iGaming affiliate industry. In past years, a number of companies have joined the ride and thus several experienced individuals in the industry leads Acroud’s journey to become "The Mediahouse of The Future". Our mission is to connect people, Content Creators (Youtubers, Streamers, Affiliates) and businesses. We are growing fast and remain a leading global player in the industry with just over 70 people in Malta, United Kingdom, Denmark and Sweden. Acroud has been listed on the Nasdaq First North Growth Market since June 2018.
