COMPANY
Financial Insights
Unlocking Financial Excellence: Dive into Frigoglass's Financial Insights for a comprehensive view of our fiscal strategies and performance.
Embark on a Comprehensive Financial Exploration: Delve into a Library of Documents, from Detailed Financial Statements to Strategic Presentations, Uncovering Valuable Insights on Our Website.
FUNDING SOURCES AND RECENT OFFERINGS
Issuance Details & Guarantees
Welcome to our Financial Insights, where transparency meets financial strategy.
At Frigoglass, we believe in open communication about our capital structure and recent developments. Our funding sources primarily involve bond financing and bilateral facilities with trusted relationship banks. In a recent milestone, on April 27, 2023, Frigo DebtCo plc (the 'Issuer') issued €75 million 4.00% Cash Interest and 7.00%/8.00% PIK Toggle Interest Senior Secured Notes due 2026 and €150 million Senior Secured Second Lien Notes due 2028 (the 'Reinstated Notes'). These endeavors play a crucial role in shaping our financial landscape, and we invite you to delve deeper into the details below.
GUARANTEES AND SECURITIES FOR NOTES
Senior Secured Notes and Reinstated Notes
The Senior Secured Notes are guaranteed on a senior secured basis and the Reinstated Notes are guaranteed on a junior secured basis by certain of our subsidiaries (the “Guarantors”) and secured by certain assets of the Issuer and the Guarantors.
| The Senior Secured Notes | The Reinstated Notes | |
|---|---|---|
| Aggregate Principal Amount | €75,000,000 | €150,000,000 |
| Issuer | Frigo DebtCo plc | Frigo DebtCo plc |
| Status | Senior Secured Notes | Senior Secured Second Lien Notes |
| Issue date | April 27, 2023 | April 27, 2023 |
| Maturity date | April 27, 2026 | April 27, 2028 |
| Interest | 4% cash + 8% PIYC (1.0% less if fully paid in cash) |
Prior to December 31, 2023: |
| Interest payment dates | Semi-annually on November 1 and May 1 in each year | Semi-annually on November 1 and May 1 in each year |
| Interest record dates | The Clearing System business day immediately preceding the related interest payment date | The Clearing System business day immediately preceding the related interest payment date |
| Denominations | €1,000 / €1 | €1,000 / €1 |
| Stock market listing | Vienna Stock Exchange | Vienna Stock Exchange |
| Identification numbers |
Rule 144A Notes Reg S Notes IAI Notes |
Rule 144A Notes Reg S Notes IAI Notes |
ISSUER DETAILS: LEGAL INCORPORATION AND ADDRESS
The Issuer, a public limited company, is incorporated under the laws of England and Wales having its seat in London and a registered address at Frigo DebtCo Pcl, Portman House, 2 Portman Street London, W1H 6DU.
CONNECT WITH FRIGOGLASS: INVESTOR RELATIONS HUB
Investor Contacts
Connect with our Investor Relations team for in-depth insights and inquiries. Whether you're an existing investor seeking financial information or a prospective investor looking to learn more about Frigoglass, our dedicated Investor Relations team is here to assist you. Feel free to reach out to us for inquiries related to financial results, shareholder services, or any other investor-related matters. We value your interest and look forward to fostering transparent and open communication with our investor community.
Mr. Stamatakos John
Head of Treasury & Investor Relations
COMPANY
Corporate Governance
Welcome to our Corporate Governance page, where the pivotal role of the Board of Directors comes into focus.