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CONSUMER STAPLES: Essity: releases 2024 annual report

CONSUMER STAPLES

(ESSITY Baa1/BBB+/NR) 

Comments are unch; "After consultation with legal experts, Essity has determined that the sale of the shares in Vinda does not constitute a "cessation of business" under the terms of outstanding bond loans. On October 17, 2024, Essity announced that it had received a demand for early payment from a few bondholders regarding bonds maturing in 2029, 2030 and 2031. On December 16, 2024, Essity announced that it had received information that some of these investors in some of its Luxembourg-listed bond series had initiated proceedings in English court. The investors’ holdings represent a small portion of the outstanding bonds. Essity still considers the demand to be unfounded."

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(ESSITY Baa1/BBB+/NR) 

Comments are unch; "After consultation with legal experts, Essity has determined that the sale of the shares in Vinda does not constitute a "cessation of business" under the terms of outstanding bond loans. On October 17, 2024, Essity announced that it had received a demand for early payment from a few bondholders regarding bonds maturing in 2029, 2030 and 2031. On December 16, 2024, Essity announced that it had received information that some of these investors in some of its Luxembourg-listed bond series had initiated proceedings in English court. The investors’ holdings represent a small portion of the outstanding bonds. Essity still considers the demand to be unfounded."