Fortaco Group Holdco Oyj Completes Amendments to Senior Secured Bonds Terms
Fortaco Group Holdco Oyj (the Company) announced the successful completion of the written procedure initiated on 2 April 2025 regarding its outstanding senior secured bonds. The amendments include extending the tenor by two years, amending the interest rate for 2025 and 2026, and introducing the option for voluntary partial redemptions of up to EUR 20 million at a price of 101 per cent. The Proposal, approved by a requisite majority of bondholders, will become effective upon meeting the conditions precedents. The Company expects the conditions to be satisfied by mid-June. Further information can be obtained from Mika Mahlberg, President & CEO, and Kimmo Raunio, Senior Executive Vice President & CFO.
About Fortaco Group
Fortaco Group is the leading brand independent strategic partner to the heavy off-highway equipment and marine industries, offering zero emission solutions, technology services, assemblies, vehicle cabins, and steel fabrications. With operations in multiple European and Asian Business Sites and Technology Hubs, Fortaco Group supports global customers.
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