Verisure Holding AB (publ): Successful Amendment and Incremental Election under Senior Facilities Agreement
The Issuer expects the transaction to reduce the group’s weighted average cost of debt, lower interest expense, and support free cash flow generation. Funding of the Additional Facility is expected to close on May 5, 2026, on which date the Issuer also expects to complete the redemption and repayment of the indebtedness described below.
The proceeds of the Additional Facility, together with cash on hand and borrowings under the existing revolving credit facility made available under the Senior Facilities Agreement, will be used to: (i) fully repay the Issuer’s €450.0 million 7⅛% Senior Secured Notes due 2028; (ii) repay €175.0 million of 5¼% Senior Notes due 2029 issued by Verisure Midholding AB (publ); and (iii) pay costs, fees and expenses in connection with the foregoing.
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This announcement contains certain forward-looking statements with respect to certain of the Issuer’s current expectations and projections about future events. These statements, which sometimes use words such as “intend,” “proposed,” “plan,” “expect,” and words of similar meaning, reflect management’s beliefs and expectations and involve a number of risks, uncertainties and assumptions (including the completion of the transactions described in this announcement) that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this announcement is subject to change without notice and, except as required by applicable law, neither the Issuer nor the stabilizing manager assumes any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement.
For Further Information, Please Contact:
Alejandro Calvo
Group Treasurer and Director of Corporate Finance
About Verisure
Verisure is the global leader in professionally monitored security services, with a market-leading presence across Europe and Latin America.
Every day, our dedicated teams use leading technology to Deter, Detect, Verify and Intervene to protect ~ 6.2 million families and small businesses from intruders, fire, and health emergencies across 18 countries.
With over 35 years of insights, experience and innovation, Verisure is known for category-creating marketing, sales excellence, innovative products and services, and customer-centricity.
Our mission is to give our customers peace of mind by protecting what matters most to them. We believe that everyone has the right to feel safe and secure.
Thanks to a strong focus on high-quality service, we aim to have the most satisfied and loyal portfolio of customers in the industry. We estimate that we have some of the strongest growth and retention rates globally in consumer-facing services, which demonstrates our commitment to exceptional service levels and strong value proposition for our customers.
For more information, visit https://www.verisure.com/