case | 12 Feb 2024

Setterwalls has advised PPF Group in connection with Viaplay Group’s SEK 18.6 billion recapitalisation programme

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Setterwalls has in collaboration with Advokatfirman Olivecrona advised PPF Group in the negotiation and execution of Viaplay Group’s SEK 18.6 billion recapitalisation programme.

The recapitalisation programme has, inter alia, included a SEK 4 billion equity capital injection, comprising a SEK 3.1 billion directed share issue and a SEK 0.9 billion rights issue; a SEK 2 billion write-down of existing debt obligations, of which SEK 0.5 billion has been converted into equity; and an amendment and extension of existing bank and bond commitments totaling SEK 14.6 billion. Through the share issues, PPF Group will increase its shareholding to 29.3 per cent of the share capital in Viaplay Group.

The successful completion of the recapitalisation programme was announced on 9 February 2024.

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