SECURITAS A B UNSP/ADR - SCTBY STOCK NEWS

Securitas AB will publish the Interim report January-June 2023 on July 28, 2023. The report will be sent as a press release and published on the company's website. A telephone conference and audio cast will be held at 2.30 p.m. where the company's President and CEO and CFO will present the report and answer questions.

Securitas reports 12% organic sales growth and improved operating margin in Q1 2023. The company is focused on becoming a leading security solutions partner with strong technology and expertise. North America saw accelerated growth in the Guarding business unit. The integration with STANLEY Security is progressing well, leading to cost benefits and commercial opportunities. The company remains confident in its cash generation ability.

Securitas AB is set to release its Interim Report for January-March 2023 on May 3, 2023, at approximately 1.00 p.m. (CEST). This report will be available through a press release from Cision and published on Securitas' official website. Following the report's release, presentation slides will be accessible at Securitas Presentations at 2.00 p.m. (CEST). A telephone conference with Securitas President and CEO Magnus Ahlqvist and CFO Andreas Lindback is scheduled for 2.30 p.m. (CEST), where participants can engage and ask questions. A recorded version of the audio cast will be available afterward.

Securitas has successfully closed a 4-year MEUR 600 bond in the Eurobond market on April 4, 2023. The bond was oversubscribed more than three times, enabling a coupon rate of 4.25 percent with a margin of 120 basis points. Proceeds from this issuance will primarily be used to refinance the remaining bridge facility linked to the acquisition of STANLEY Security, which was finalized on July 22, 2022. Post-issuance, approximately BSEK 1.7 remains on the bridge facility.

The shareholders of Securitas AB (OTC-PINK:SCTBY) are invited to the Annual General Meeting (AGM) on May 4, 2023, at 14:00 CEST in Stockholm, with registration starting at 13:00 CEST. Shareholders must be recorded in the share register by April 25, 2023, and notify their intent to participate by April 27, 2023. The proposed agenda includes management reports, dividend distribution of SEK 3.45 per share, election of board members, and a long-term incentive program. The AGM aims to enhance shareholder value and facilitate company acquisitions. Documentation for the AGM is available on the company's website.

Securitas has successfully concluded a Schuldschein loan transaction, raising MEUR 300 in the international market. This marks the company's first venture into the Schuldschein market, establishing a new source of long-term funding. The issue was oversubscribed by more than three times the launch amount, with the majority of the funding structured for five years in both Euro and US dollar tranches. The proceeds will be utilized to refinance part of a MUSD 1,146 bridge facility linked to the acquisition of STANLEY Security, finalized on July 22, 2022.

Securitas has secured a four-year term loan agreement of MEUR 1,100 with nine banks, aimed at refinancing a substantial portion of its MUSD 2,315 bridge facility linked to the acquisition of STANLEY Security, finalized on July 22, 2022. CFO Andreas Lindback stated that this long-term loan provides competitive terms and enhances the company's future funding flexibility. The participating banks include Danske Bank, SEB, and others. This refinancing aligns with Securitas' plans to manage existing debt effectively and streamline its financial obligations.