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Agility Global Announces Partial Restructuring Of DSV Collar Arrangement

By Reuters News

Nov 2 (Reuters) - AGILITY GLOBAL PLC AGILITY.AD:

  • ANNOUNCES PARTIAL RESTRUCTURING OF DSV COLLAR ARRANGEMENT

  • AGILITY GLOBAL -ANNOUNCE THAT IT HAS RESTRUCTURED PART OF THE PREVIOUS COLLARS THAT ARE DUE TO EXPIRE IN 2027

  • AGILITY GLOBAL- RESTRUCTURING CAME IN FORM OF PARTIAL UNWIND OF TWO OF EXISTING COLLARS

  • AGILITY GLOBAL- EXECUTION OF NEW FUNDED COLLAR FOR ABOUT 3.4 MILLION SHARES OF DSV WITH MATURITY OF ABOUT 2.6 YEARS

  • AGILITY GLOBAL- COMPANY RECEIVED UNDER THE NEW FUNDED COLLARD A NEW €504 MILLION DEBT

  • AGILITY GLOBAL- THIS AMOUNT IN ADDITION TO SOME CORPORATE DEBT WAS USED TO CLOSE A €545 MILLION OF NET FINANCING FROM ONE OF PREVIOUS COLLARS

  • AGILITY GLOBAL- AMOUNT USED TO PAY NEW FUNDED COLLAR RELATED COSTS

  • AGILITY GLOBAL- NUMBER OF HEDGED SHARES REMAINS THE SAME

Further company coverage: AGILITY.AD

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