ESSITY Ad Hoc Bondholder Group Demand Repayment of Notes
Holders of certain notes issued by Essity Capital B.V. and Essity Aktiebolag (publ) (together “Essity”) due in 2029, 2030, and 2031 (the “Notes”) formed an Ad Hoc Bondholder Group (the “Group”) in January 2024 and appointed Houlihan Lokey as financial advisor and White & Case as legal advisor.
- Holders of certain notes issued by Essity Capital B.V. and Essity Aktiebolag (publ) (together “Essity”) due in 2029, 2030, and 2031 (the “Notes”) formed an Ad Hoc Bondholder Group (the “Group”) in January 2024 and appointed Houlihan Lokey as financial advisor and White & Case as legal advisor.
- The Group has twice delivered letters to Essity dated 2 February and 12 February demanding the repayment of the Notes.
- The Group is willing to discuss with Essity the manner and terms on which such repayment would be made.
- The Group is made up of international bondholders currently holding over €270 million nominal amount of the Notes, and it continues to expand.