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Frigoglass Group announces the issuance of additional notes of Super Senior Notes due 2028
London, UK – 22 December 2025. Frigo DebtCo plc (the “Company” or the “Group”) as issuer of the 4.00% cash interest and 11.5% PIK interest super senior notes (the “Super Senior Notes”) announces the issuance and pricing of additional notes of the Super Senior Notes (the “Additional Notes”) with a principal amount of €10 million by Frigo DebtCo plc at the same terms as the Super Senior Notes due 2028.
As announced by the Group on 8 December 2025, (i) the Group entered into the transaction support agreement announced (the “TSA”), (ii) certain noteholders that are parties to the TSA (the “Consenting Noteholders”) agreed, among others, to extend the maturity of the Super Senior Notes to 27 March 2028 and (iii) to backstop the issuance of up to €20 million of additional Super Senior Notes. The Additional Notes were issued as part of the backstop provided by the Consenting Noteholders.
The proceeds of the Additional Notes will be used for working capital purposes. The Company may decide to issue further additional Super Senior Notes of up to €10 million at a later point.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the Securities Act or the securities laws of any such jurisdiction. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
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