WorxInvest announces early closing of its public offer to subscribe to bonds

On 2 October 2024, WorxInvest announced the issuance of 5.10% fixed rate bonds with a maturity of 6 years for an amount between EUR 150 million and EUR 250 million. The subscription period for the bonds started this morning on 4 October 2024 at 9:00 a.m. (CET). As the maximum amount of EUR 250 million was reached, the Issuer and the Joint Lead Managers decided to terminate the subscription period on the same day, tonight at 5:30 p.m. (CET), with even an oversubscription of close to EUR 200 million..

The Joint Lead Managers will provide information about the allocation of the bonds on or around October 7, and, in case of oversubscription, the proportional reduction that will be applied.

The bonds will be issued on 16 October 2024 and will have an interest rate of 5.10% per annum, payable on 16 October of each year, starting on 16 October 2025. An application has been made for the bonds to be listed and admitted to trading on the multilateral trading facility of Euronext Growth Brussels.

We would like to thank the investors for the confidence they have placed in WorxInvest and its expansion journey, supporting our evolution into a diversified, growth-focused investment company and alternative asset manager. With this additional financing, we can continue to play our role as a responsible, growth-oriented anchor investor, supporting the sustainable growth trajectory of our existing portfolio companies, such as SD Worx and Gimv, and further diversify our funding sources.

Filip Dierckx

Executive Chairman of WorxInvest NV

Belfius, BNP Paribas Fortis, ING and KBC Bank are acting in the capacity of Joint Bookrunners and Joint Lead Managers and Belfius is acting in the capacity of agent. The Issuer was advised by Freshfields Bruckhaus Deringer LLP and the Joint Bookrunners and Joint Lead Managers were advised by White & Case LLP.

This press release must be read together with the Prospectus dated 1 October 2024, which was approved by the FSMA (Financial Services and Markets Authority) on the same date, and which is available on the websites of the Issuer (WorxInvest Bond), the FSMA (https://www.fsma.be/en/prospectus-iii-ems), and on the websites of Belfius, BNP Paribas Fortis, ING and KBC Bank.