BOOSTER Precision Components GmbH Considers Issuing EUR 46 Million Bonds

BOOSTER Precision Components Holding GmbH is contemplating the issuance of new senior secured floating rate corporate bonds valued at up to EUR 46 million. The decision aligns with plans to refinance existing bonds worth EUR 41.5 million maturing in November 2026. These new bonds will have a four-year term and adhere to Swedish law, with a minimum subscription amount set at EUR 100,000. The capital raised is primarily intended for repurchasing existing bonds.

Additionally, BOOSTER announced a change in control under its current bonds due to the replacement of its primary shareholder, which has triggered a contractual clause allowing bondholders to have their bonds repurchased. The company views this change as technical and not materially impacting bondholders. A written procedure will be initiated to seek bondholder approval to amend terms and conditions, possibly avoiding the recognition of a control change.