Press Releases

03. July 2020

LEAX Group obtains bondholders’ approval to amend the terms and conditions of its senior unsecured bonds

On 15 June 2020, LEAX Group AB (publ) (the “Company”) initiated a procedure in writing (the “Written Procedure”) to seek bondholders’ approval to amend the terms and conditions of its outstanding senior unsecured bonds 2018/2022 with ISIN SE0011088954 (the “Bonds”). The Company now announces that the bondholders voted in favour of the proposed amendments.

As further detailed in the notice of Written Procedure, the proposed amendments included (i) a financial covenant holiday, (ii) an increase of the current cap in respect of permitted investment loans and (iii) an additional 3 per cent. premium upon redemption of the Bonds.

The time for replies in the Written Procedure expired on 3 July 2020. The Company hereby announces that a sufficient number of votes were obtained in order to form a quorum and that a requisite majority of the bondholders voted in favour of the amendments. The terms and conditions of the Bonds will therefore be amended as set out the notice of Written Procedure.

The amended version of the terms and conditions will be effective as from 3 July 2020 and will be published on the Company’s website ( and on Stamdata (

For questions regarding the administration of the Written Procedure, please contact the agent at or +46 8 783 79 00. For other questions, please contact the Company using the contact details set forth below.

About LEAX Group:
LEAX Group AB (publ) is the parent company of a group (“LEAX Group”) with about 1 200 employees. LEAX has operations in Köping, Falun and Falköping in Sweden, Riga and Rezekne in Latvia, Curitiba in Brazil, Detmold in Germany, Mezökövesd in Hungary and Wuxi in China. The company is a manufacturer of mechanical components and subsystems for the heavy vehicle industry, passenger cars, mining and construction industries and other engineering industries. LEAX Group also delivers customized gearboxes for various mechanical engineering industries.


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