DDM Debt holders consent to changes to €150 million floaters due 2022

By Rebecca Melvin

New York, March 17 – DDM Debt AB announced that it has received bondholder approval to adopt amendments to the terms and conditions of its €150 senior secured floating-rate bonds due 2022 (ISN SE0012454940).

A quorum of 68.3% of the adjusted nominal amount and a majority of 89.9% of the adjusted nominal amount for which bondholders replied was achieved.

The company will pay a consent fee of €250 per bond to eligible holders. The amount will be payable to persons registered as holders on March 18.

Based in Baar, Switzerland, DDM Group invests in distressed consumer debt in Eastern Europe.

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