Achilles Capital AB (publ) and its parent company DDM Finance AB Applies for Corporate Restructuring
Achilles Capital AB (publ) and its parent company DDM Finance AB Applies for Corporate Restructuring
Achilles Capital AB (publ) (“Achilles Capital” or the “Company”) and its parent company, DDM Finance AB, have today resolved to file for corporate restructuring (Sw. företagsrekonstruktion) with the Solna District Court. The reason for the application is that Achilles Capital has two outstanding bond issues that are due for repayment in the near term.
Since its inception, the Company’s operations have been financed through a combination of equity and external funding. The Company’s existing external financing consists of senior secured bonds of EUR 200 million issued on April 19, 2021, with a fixed annual interest rate of 9 percent and maturity on April 19, 2026, as well as “super senior” bonds of EUR 25 million issued on December 4, 2024, with a floating annual interest rate of EURIBOR plus 6.5 percent and maturity on April 19, 2026.
Historically, the Company has continuously serviced its debts and interest as they have fallen due. At present, however, the Company lacks the ability to repay the bonds at maturity.
"As customary, the company has engaged constructively with its major bondholders and other parties regarding a refinancing of the bond loans. While significant progress has been made, the process requires additional time to reach a comprehensive solution that appropriately reflects the strength of the company's balance sheet and the interests of all stakeholders," says CEO Matthew Doerner.
The Company’s assessment is that a refinancing solution, involving the repayment of existing bond loans, will be completed during the second half of this year, subject to approval of the corporate restructuring.
The refinancing plan submitted to the court includes, among other measures, a proposal to redeem the super senior bonds using available liquidity, the sale of non-strategic loan portfolios within DDM corresponding to EUR 30 million, and the divestment of tech and life science assets during the autumn at an estimated value of EUR 30–50 million.
For further information, please contact:
Investor Relations
Achilles Capital AB
Email: ir@achillescap.com
Website: www.achillescap.com
This information is such that Achilles Capital AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, on 2026-04-17 21:31 CEST.