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Vitec issues senior unsecured notes of SEK 1,000 million

THE INFORMATION IN THIS PRESS RELEASE AND DOCUMENTS REFERENCED HEREIN MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (OR TO ANY U.S. PERSON) OR ANY OTHER JURISDICTION WHERE SUCH ACTION WOULD BE UNLAWFUL OR SUBJECT TO LEGAL RESTRICTIONS, EXCEPT IN ACCORDANCE WITH APPLICABLE EXEMPTIONS.

Vitec Software Group AB (publ) (“Vitec”), a leading provider of vertical software, has successfully issued senior unsecured notes of SEK 1,000 million with a tenor of 4 years under its existing MTN programme.

The notes carry a floating rate and were issued at a margin of 1.40% against three months STIBOR. The transaction received very strong investor demand.

The proceeds from the notes issue will be used for general corporate purposes, including partial refinancing of existing bank loans. Vitec will apply for the notes to be admitted to trading on Nasdaq Stockholm's Corporate Bond List.

The base prospectus relating to Vitec’s MTN programme, the final terms relating to the notes issue and related documents are available on Vitec’s website at https://www.vitecsoftware.com/en/investors-press/.

Nordea and SEB acted as Joint Lead Managers and Snellman Advokatbyrå AB acted as legal adviser in connection with the notes issue.

About Vitec Software Group
Vitec is a leading provider of Vertical Software and has its origin and headquarters in Umeå, Sweden. Our products are developed to meet specific needs within various niche markets in society. The expertise of our employees, combined with our shared corporate culture and business model, enable continuous improvement and innovation. We grow through the successes of our companies, as well as through acquisitions. Everything we do is based on a long-term perspective. Because we are to rely on – today and tomorrow. Vitec has 1,660 employees, is listed on Nasdaq Stockholm and had net sales of SEK 3,334 million in 2024. Read more at vitecsoftware.com.

Important information
This press release does not constitute an offer to, or an invitation to, acquire or subscribe for any securities in Vitec in any jurisdiction, neither from Vitec, Nordea, SEB or anyone else. This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the prospectus regulation) and has not been approved by any regulatory authority in any jurisdiction. The information contained in this press release is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this press release or its accuracy or completeness.

The information in this press release and documents referenced herein may not be released, published or distributed, in whole or in part, directly or indirectly, in or into the United States (or to any U.S. person) or any other jurisdiction where such action would be unlawful or subject to legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. Securities referenced herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws and are subject to U.S. tax law requirements. Securities may not be offered, sold or delivered within the United States of America or to, or for the account or benefit of, U.S. persons (as defined in Rule 902 of Regulation S under the U.S. Securities Act) except pursuant to applicable exemptions. Accordingly, Vitec may offer securities only (1) to Qualified Institutional Buyers within the meaning of Rule 144A under the U.S. Securities Act and (2) outside the United States to non-U.S. persons in reliance on Regulation S under the U.S. Securities Act.