Debtholder Information

Bonds and credit facilities

The Group’s funding sources consist of bond financing and bank facilities.

On April 27, 2023, Frigo DebtCo plc (the “Issuer”) issued €75 million 4.00% Cash Interest and 7.00%/8.00% PIK Toggle Interest Senior Secured Notes due 2026 (the “Senior Secured Notes”) and €150 million Senior Secured Second Lien Notes due 2028 (the “Reinstated Notes”). The Senior Secured Notes are guaranteed on a senior secured basis and the Reinstated Notes are guaranteed on a junior secured basis by certain of our subsidiaries (the “Guarantors”) and secured by certain assets of the Issuer and the Guarantors.

The Issuer is a public limited company, incorporated under the laws of England and Wales, having its seat in London and its registered address at C/O Tmf Group 8th Floor, 20 Farringdon Street, London, EC4A 4AB, United Kingdom.

The Senior Secured Notes

Aggregate Principal Amount €75,000,000
Issuer Frigo DebtCo plc
Status Senior Secured Notes
Issue date April 27, 2023
Maturity date April 27, 2026
Interest 4% cash + 8% PIYC (1.0% less if fully paid in cash)
Interest payment dates Semi-annually on November 1 and May 1 in each year
Interest record dates The Clearing System business day immediately preceding the related interest payment date
Denominations €1,000 / €1
Stock market listing Vienna Stock Exchange
Identification numbers Rule 144A Notes

ISIN: XS2603998704

Common Code: 260399870

Reg S Notes

ISIN: XS2603998456

Common Code: 260399845

IAI Notes

ISIN: XS2603998886

Common Code: 260399888

 

The Reinstated Notes 

Aggregate Principal Amount €150,000,000
Issuer Frigo DebtCo plc
Status Senior Secured Second Lien Notes
Issue date April 27, 2023
Maturity date April 27, 2028
Interest Prior to December 31, 2023: 2% cash + 9% PIYC (1.0% less if fully paid in cash)

January 1, 2024 onwards: 3% cash + 8% PIYC (1.0% less if fully paid in cash)

Interest payment dates Semi-annually on November 1 and May 1 in each year
Interest record dates The Clearing System business day immediately preceding the related interest payment date
Denominations €1,000 / €1
Stock market listing Vienna Stock Exchange
Identification numbers Rule 144A Notes

ISIN: XS2603999181

Common Code: 260399918

Reg S Notes

ISIN: XS2603999264

Common Code: 260399926

IAI Notes

ISIN: XS2603999009

Common Code: 260399900