STOCKHOLM – Health and hygiene firm Essity says it has received a demand for early payment from a few bondholders regarding bonds maturing in 2029, 2030 and 2031.
Essity disputes the demand.
“The demand refers to a minority part of the total amount of the bonds with these maturing dates,” the company said in a statement.
“These bondholders claim that an ‘Event of Default’ has occurred under the terms. As previously stated, Essity is confident, after having obtained professional advice, that an Event of Default has not occurred and that the demand is unfounded.”
