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 parent entity of the New Frigoglass Group) issued €75 million new first lien senior secured notes due 2026 (the “New Super Senior Notes”) and €150 million senior secured second lien notes due 2028 (the “Reinstated Notes”). The New Super Senior and Reinstated Notes are guaranteed on a senior secured basis by Frigo DebtCo Plc and certain of our subsidiaries (the “Guarantors”) and secured by certain assets of the Issuer and the Guarantors.

Frigo DebtCo Plc, a public limited company, incorporated under the laws of England and Wales, registered address is C/O Tmf Group 8th Floor, 20 Farringdon Street, London, EC4A 4AB.

4.00% Cash Interest and 7.00%/8.00% PIK Toggle Interest 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

 

Senior Secured Second Lien Notes

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

1 January 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