Esmaeilzadeh Holding provides an update regarding the refinancing of its bond loan

On 27 January 2025, Esmaeilzadeh Holding AB (publ) (“EHAB”) announced that EHAB would renew its dialogue with its bondholders. EHAB has now reached a commercial understanding with the largest bondholders and EHAB is therefore expected to shortly initiate a written procedure. EHAB intends to propose that the existing bond loan (the "Existing Bonds") is refinanced through a mandatory securities exchange into new secured bonds with a tenor of three years and a fixed capitalizing interest rate of 11 percent per year (the “New Bonds”). The proposal, which has not yet been finalized, is currently supported by holders of 35 percent of the Existing Bonds, who have also committed to vote in favour of the proposal.

In summary, the proposal involves the Existing Bonds being mandatorily redeemed and replaced by the New Bonds. The New Bonds are proposed to be secured by EHAB’s shares in its material portfolio companies and a new wholly-owned intermediate holding company being pledged under the New Bonds. The New Bonds are further proposed to be issued at a nominal amount corresponding to 103.25 percent of the total outstanding nominal amount, adjusted for an issue discount of 7.5 percent. The call price for the New Bonds is proposed to gradually increase during the tenor. The proposal also includes EHAB using any net proceeds from the sale or listing of portfolio companies to repay the New Bonds, subject to certain minimum cash reserves.

As soon as the proposal is finalized, EHAB will initiate a written procedure to seek the bondholders' consent for the securities exchange. In conjunction with this, the full terms of the final proposal will be presented.

ABG Sundal Collier AB and Pareto Securities AB are acting as financial advisors in connection with the refinancing.

For further information, please contact:

Mikael Ericson, CEO

Email: Mikael.ericson@ehab.group

Saeid Esmaeilzadeh, Chairman of the Board

Email: Saeid@drsaeid.com

This information is such that Esmaeilzadeh Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on 20 February 2025, 08:00 CET.

About EHAB

EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.