IDFinance Spain S.A.U. bondholders approve amendment terms and conditions

• Two-year Eurobond extension
• Bondholders who supported the amendment terms will receive an amendment fee of 100 bps.

Barcelona, 4^th of November 2022 – ID Finance Spain S.A.U. (the “Company”), a fast-growing fintech in Spain, held a bondholder´s meeting on the 3^rd of November of 2022 in London, UK. The formal process had been initiated on the 27^th of September 2022 to amend the terms and conditions of its Eurobonds (ISIN XS2231806394) maturing in 2023. Bondholders were invited to vote on a two-year extension to their maturity to September 2025.

As expected, the bondholders approved the amendments to the terms and conditions. All bondholders who attended the meeting voted in favour of the amendments, showing a 100% consent ratio. The Company is in close contact with investors, and has received broad support among bondholders. Bondholders who voted to support the amendment terms will receive an amendment fee of 100bps.

As part of the amendments, the Company will, in addition to an amendment fee, enhance the bondholders’ position by introducing to the terms and conditions additional financial covenants and further non-financial undertakings that conform with market standard practice.

The terms and conditions will be formally amended in the next few days and will be published on the Company’s website.

CEO Boris Batin commented: “The bondholders’ agreement to amend the terms and conditions proves their confidence in the company and the management team. We appreciate their support, especially in these trying times”.

Aalto Capital acts as financial advisor to the Company.

For more information, please contact: [email protected], or Aalto Capital ([email protected] / +49 89 8986777-0).