Eleving Group Completes Bond Exchange Offer

Eleving Group S.A. has announced the completion of its exchange offer for the outstanding EUR 150 million 9.5% bonds due 2021/2026 (ISIN: XS2393240887). By the end of the exchange period on October 15, 2025, investors had exchanged over EUR 60 million worth of bonds for new senior secured bonds maturing in 2030 (ISIN: XS3167361651). The settlement of this exchange, including the payment of accrued interest, is expected around October 24, 2025.

Eleving's CEO, Modestas Sudnius, emphasized the importance of investor confidence in the company's strategic direction. The public offer for the new bonds remains open until October 17, 2025, targeting retail investors across various European countries.

The new bonds, with a total issue size of up to EUR 250 million, offer a fixed coupon rate of at least 9.5% per annum. Non-participating bondholders will be redeemed as per the terms announced on September 29, 2025.