AS Ekspress Grupp Refinances Bonds

(MENAFN- GlobeNewsWire - Nasdaq) AS Ekspress Grupp and AS SEB Pank have signed a loan contract to refinance the outstanding EUR 5 million bonds from LHV pension funds on 10 July 2025.

The loan will have a 2 July 2030 deadline compared to the earlier bonds' redemption date of 7 October 2027. As a result of the refinancing, Ekspress Grupp's annual interest expenses will decrease by ca EUR 150 thousand while the annual loan service will increase by ca EUR 340 thousand.

As a result of the refinancing, Ekspress Grupp will decrease the average interest rate of its financial liabilities, using its strong liquidity position to gradually decrease the overall indebtedness of the group. This enables better preparation for potential new acquisitions and for situations relating to further cooling of the economy.

Additional information
Lili Kirikal
CFO of the Group
...

AS Ekspress Grupp is the leading Baltic media group whose key activities include web media content production, and publishing of newspapers, magazines and books. The Group also operates an electronic ticket sales platform and ticket sales offices in Latvia and Estonia, offers digital outdoor screen service in Estonia and Latvia, and organizes conferences, trainings and events mainly in Estonia and Lithuania but also in Latvia. Ekspress Grupp launched its operations in 1989 and employs about 1000 people.

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