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May 10, 2020 | Press release
Haldex reaches agreement with lenders and intends to carry out a directed new share issue to AMF Pensionsförsäkring and AFA Försäkring
Haldex Aktiebolag (publ) (”Haldex” or the ”Company”) has reached an agreement with the Company’s lenders including to extend the maturity of the existing syndicated credit facility of EUR 90 million and the existing short-term loan of SEK 270 million to April 2022 and to make certain adjustments to the terms of the loans regarding financial ratios and the interest rates. The agreement also stipulates that the Company be provided with new equity. The parties intend to conclude final agreements shortly.

The board intends, against the background of the agreement with the lenders and to further strengthen the institutional ownership base of the Company, to carry out a directed new share issue to AMF Pensionsförsäkring and AFA Försäkring of up to ten percent of the Company's outstanding number of shares (i.e. a maximum of 4,421,597 new shares). The subscription price amounts to SEK 35.56 per share, corresponding to the volume-weighted average price of the Company's share on Nasdaq Stockholm during the last five trading days prior to the board’s resolution to issue new shares. Through the new share issue, the Company is expected to raise proceeds of approximately SEK 157.2 million before issue costs.

The new share issue assumes that the board, pursuant to the authorization given at the annual general meeting 2019, resolves to issue the new shares.

In connection with the negotiations with the lenders, the Company has engaged Evli Bank as financial advisor and Gernandt & Danielsson Advokatbyrå as legal advisor.

For further information, please contact:

Jörgen Durban, chairman of the board

Phone: +46 418 47 60 00

E-mail: katarina.ronne@haldex.com

About Haldex
Over 100 years of powerful innovation gives Haldex unsurpassed expertise when it comes to braking systems and air suspension systems for heavy trucks, trailers and buses. We live and breathe our business with the goal to deliver robust and technically superior solutions which is founded in a deep insight in our customer’s reality. Through focusing on our core competences and the passion we all share, we achieve the agility and flexibility that the market demands. Innovative collaborations aren’t only the core of our products, but our philosophy. Our 2200 employees, spread out across four continents, challenge the conventional on a daily basis in order to secure that the products we deliver create a unique value to our customers and the end users. We are listed on Nasdaq Stockholm and have a turnover of approx. SEK 5 billion.

This document is a translation of Swedish language original thereof. In the event of any discrepancies between this translation and the original Swedish document the latter shall be deemed correct.

This information is information that Haldex Aktiebolag (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above mentioned contact person, on 10 May 2020 at 23.50 CET.