Intrum AB (“Intrum” or “the Company”, and together with its subsidiaries, the “Group”) today announces that the plan meeting in its ongoing company reorganisation process in Sweden will take place at 9 a.m. CEST on 15 April 2025.
Unless given a different meaning in this press release, terms defined in the press releases from July 2024 to March 2025 have the same meaning when used herein.
On 14 March 2025, Intrum announced its reorganisation plan (the “Reorganisation Plan”) and requested that the Stockholm District Court (the “Court”) initiate plan proceedings as part of its Swedish company reorganisation. The Court has now decided that the plan meeting, where affected creditors will have the opportunity to vote on the Reorganisation Plan, will take place at 9 a.m. CEST on 15 April 2025 at the Stockholm District Court, Scheelegatan 7, Stockholm, Sweden.
All affected creditors in the company reorganisation process are entitled to participate at the plan meeting and vote on the Reorganisation Plan. Locked-up creditors already supportive of the Recapitalisation Transaction are bound to reconfirm their support by voting in favour at the plan meeting.
Those wishing to be represented by proxy or to authorise the administrator to vote in favour of the Reorganisation Plan must provide a dated, written power of attorney in original to the designated proxy or the administrator, as applicable. Further instructions for each class of affected creditors are set out below.
Affected creditors that wish to attend the plan meeting in person or through an authorised representative are encouraged to notify the administrator of their attendance in advance by e-mail to poa@ackordscentralen.se to ensure that there is sufficient space in the courtroom.
Affected creditors that wish to attend the plan meeting via video should make contact with the District Court of Stockholm at (+46 8561 650 00 or stockholms.tingsratt.konkurs@dom.se). Please include a reference to matter number Ä 246-25 when contacting the Court.
Instructions for Noteholders
As the Notes are publicly traded, noteholders holding Notes on 4 April 2025 (the “Voting Record Date”) will be eligible to vote on the Reorganisation Plan at the plan meeting (the “Eligible Noteholders”).
Eligible Noteholders that wish to be represented by proxy and to authorise the administrator to vote in favour of the Reorganisation Plan on their behalf may participate in the plan meeting by completing and following the instructions in the Holder Registration Voting Form, which is available on the Information Agent’s dedicated portal accessible here – https://deals.is.kroll.com/intrum.
The relevant deadlines for Eligible Noteholders are as follows:
- 5 p.m. CEST on 3 April 2025 – Deadline for Noteholders to submit their Holder Registration Voting Form
- 5 p.m. CEST on 3 April 2025 – Deadline for Noteholders to submit their electronic instructions to block their Notes (including UIR generated upon submission of the Holder Registration Voting Form), as detailed in the Holder Registration Voting Form
- 4 April 2025 – Voting Record Date
- 9 April 2025 – Deadline by which Noteholders must ensure that their original signed Power of Attorney has been delivered to the Administrator (if applicable)
- 9 a.m. on CEST 15 April 2025 – Plan meeting
For any questions on how to fill out the Holder Registration Voting Form, please contact the Information Agent – Kroll Issuer Services Limited at intrum@is.kroll.com or via https://deals.is.kroll.com/intrum. If you experience any issues in accessing the website, please contact the Information Agent at the email address below.
Instructions for RCF and Term Loan Lenders
Lenders under the RCF and Term Loan will be receiving voting instructions separately. If you are a lender under the RCF or the Term Loan and you have not received instructions on how to vote at the plan meeting, please contact intrum-planmeeting@vinge.se.
Instructions for affected creditors who wish to claim their entitlements will be announced by the Company through a press release at a later date.
Further information
For further information on Intrum’s Swedish company reorganisation, please contact the Information Agent, Kroll Issuer Services Limited at intrum@is.kroll.com or via https://deals.is.kroll.com/intrum
Further details of Intrum’s Chapter 11 cases can be found at the following website: https://cases.ra.kroll.com/IntrumAB
For further information on the Recapitalisation Transaction, please contact Houlihan Lokey, who act as financial advisers to Intrum, at the email address below.
Contact details:
Kroll Issuer Services Limited (as Information Agent): intrum@is.kroll.com
Houlihan Lokey (as advisers to Intrum): intrum@hl.com
Media Inquiries:
Brunswick Group (as advisers to Intrum):
Oscar Karlsson, Partner
Magnus Rydin Lemoine, Director
+46 (8) 410 32 180
Simone Selzer, Partner
Freya Semken, Director
+44 (0) 20 7404 5959
intrum@brunswickgroup.com
DISCLAIMERS
This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Recipients should not consider it as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.
No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained in this press release. Neither the Group nor any of its advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this press release or its contents.
This press release may include forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms as “believe”, “expect”, “anticipate”, “may”, “assume”, “plan”, “intend”, “will”, “should”, “estimate”, “risk” and or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding the Group’s intentions, beliefs or current expectations concerning, among other things, the Group’s plans, objectives, assumptions, expectations, prospects and beliefs and statements regarding other future events or prospects. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements reflect the Group’s current expectations, intentions or forecasts of future events, which are based on the information currently available and on assumptions made by the Group.
The forward-looking statements and information contained in this announcement are made as of the date hereof and the Group is under no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws. All subsequent written or oral forward-looking statements attributable to the Group, or persons acting on the Group’s behalf, included in but not limited to press releases, reports and other communications, are expressly qualified in their entirety by the cautionary statements contained throughout this press release.