MedservRegis plc - Application for a New Bond Issue
On 2 November 2022, MedservRegis plc announced that it filed an application with the MFSA requesting admissibility to listing of a maximum of €13 million 5% secured bonds redeemable in 2029 to be issued at par. The net proceeds from the new bonds are earmarked for the redemption of the €13 million 6% secured bonds 2020/23.
MedservRegis noted that it will be giving preference to holders of the 6% secured bonds 2020/23 as at close of trading on 7 November 2022 to subscribe to the new bonds limitedly to their existing holding in the 6% secured bonds 2020/23. However, any balance of the new bonds not subscribed for through the exchange offer will first be made available for subscription to holders of the 6% secured bonds 2020/23 in respect of any additional new bonds applied for, followed by an Intermediaries’ Offer.
More information on the new bond issue and the related prospectus will be issued once MedservRegis obtains regulatory approval.