Calligo completes debt-for-equity swap and initiates bond delisting

Calligo (UK) Limited has confirmed the satisfaction of all conditions precedent outlined in its recent written procedure regarding its €50 million senior secured bond issue. Following the agreement reached in July 2026, the company will officially implement a debt-for-equity swap effective November 5, 2026.

This restructuring marks a significant shift in the company’s capital structure. By converting bond debt into equity, the firm aims to deleverage its balance sheet. This process concludes the written procedure initiated earlier this year to address the terms of the bond instrument, which carried ISIN NO0011179806.

As part of this transition, the company is proceeding with the delisting of the bonds from the exchange. The move follows the successful navigation of the issuer's request for bondholder approval, providing the company with a reorganized financial path forward.