MERCATOR, d.d., Ljubljana
Signed documentation on Mercator Group refinancing
Pursuant to the Rules and Regulations of the Ljubljana Stock Exchange, d.d, and the applicable legislation, the company Poslovni sistem Mercator, d.d., hereby announces the following:
On 16 April 2021, Mercator Group and Fortenova grupa d.d. (»Fortenova«) signed the contract documentation for the refinancing of the Mercator Group's debt, according to which Fortenova has undertaken to provide a loan to Poslovni sistem Mercator d.d. (»Mercator«) in the amount of up to EUR 480 million. Following the fulfilment of the conditions precedent set forth in the contract documentation, Fortenova shall issue notes in the total amount of EUR 385 million (to be purchased by HPS Partners and VTB Europe) in order to finance the loan to be extended to Mercator. This will be followed by the refinancing of Mercator's senior debt.
The signing of the contract documentation for the refinancing of the Mercator Group’s debt will initiate the completing of the process of the Mercator Group's financial restructuring. »In the last four years, Mercator was successful in considerably decreasing its debt and thus achieving one of the company's key strategic goals. The signed contract for the refinancing of the remaining debt ensures the Group's financial stability and paves the way for its future development«, emphasised Tomislav Čizmić, the President of the Management Board of Mercator.
As of 16 April 2021, this announcement will also be published on the company’s website at www.mercatorgroup.si where it shall remain for a period of at least 5 years.
Poslovni sistem Mercator d.d.