Agilyx Successfully Raises EUR 20 Million Through Subordinated Convertible Bonds for 2028
In a significant move reflecting its commitment to sustainable finance, Agilyx ASA has successfully finalized the placement of EUR 20 million in subordinated convertible bonds. With maturity set for June 30, 2028, these bonds aim to bolster Agilyx's ongoing efforts in supporting the development of plastic recycling. The issuance not only highlights Agilyx's strategic financial positioning but also underscores its role in fostering a circular economy.
Earlier announcements on October 22, 2025, provided groundwork for this placement, detailing key aspects including an initial issue amount of EUR 20 million against a total framework of EUR 40 million, in which the company retains the flexibility to issue the remaining amount as necessary. A notable fixed coupon rate of 10% will be applicable, with interest payable semi-annually. A crucial highlight is the initial conversion price set at EUR 1.9829, representing a premium of about 20% over the average share price recorded on the Oslo Stock Exchange in mid-October.
The issuance process hinges on shareholder approval, with an extraordinary general meeting slated for November 18, 2025. Major stakeholders, including Saffron Hill Ventures and Lucerne Capital, representing approximately 79% of voting rights, have committed to supporting the resolution to permit conversion of the bonds into shares, optimizing Agilyx's financial and operational paradigms.
Further solidifying its standing in the recycling industry, Agilyx is recognized as a pivotal player, particularly as it holds a significant 44% stake in GreenDot Global, Europe's largest platform for waste plastic recycling. Through this investment, Agilyx gains substantial access to post-use plastic, essential for feeding the recycling industry and addressing the pressing crisis of plastic waste.
Moreover, via its joint venture with ExxonMobil and LyondellBasell, Agilyx contributes to the collection and processing of post-use plastics. This synergy not only enhances the production of high-quality feedstock solutions but also reinforces Agilyx's mission to shift from a linear 'take-make-dispose' model to a sustainable and circular economy, effectively tackling environmental challenges associated with plastic waste.
The recent issuance of bonds stands as a testament to Agilyx's innovative approach to financing its operations and expanding its contribution to greener alternatives for managing plastic waste. As global pressures to mitigate climate change and ocean pollution rise, Agilyx's commitment to recycling plays a crucial role in advancing sustainable practices within the industry. Investors and stakeholders are optimistic about the future profits and environmental impact stemming from this strategic financial maneuver.
Additionally, the bond offering is set to provide Agilyx the much-needed flexibility to navigate the evolving landscape in the recycling sector, enhancing its capability to implement cutting-edge recycling technologies. The companies' own Styrenyx technology, which converts polystyrene waste into reusable monomers, serves as an example of Agilyx's forward-thinking approach to tackling plastic waste through innovative solutions.
As we move toward an era centered around sustainability and resource efficiency, Agilyx positions itself as a leading contributor, setting a dynamic pace for others in the industry to follow. The successful completion of this bond placement not only marks a pivotal moment in the company's journey but also fortifies its long-term vision to revolutionize plastic waste management and contribute significantly to environmental sustainability efforts across Europe and beyond.
In conclusion, Agilyx’s recent financial endeavors reflect a strategic allocation of resources focused on reinforcing its commitment to sustainability, making significant strides in shaping a circular economy while addressing the ever-present threats posed by plastic pollution.
For more information on Agilyx and their initiatives in recycling and sustainability, please visit their official website at www.agilyx.com.
Earlier announcements on October 22, 2025, provided groundwork for this placement, detailing key aspects including an initial issue amount of EUR 20 million against a total framework of EUR 40 million, in which the company retains the flexibility to issue the remaining amount as necessary. A notable fixed coupon rate of 10% will be applicable, with interest payable semi-annually. A crucial highlight is the initial conversion price set at EUR 1.9829, representing a premium of about 20% over the average share price recorded on the Oslo Stock Exchange in mid-October.
The issuance process hinges on shareholder approval, with an extraordinary general meeting slated for November 18, 2025. Major stakeholders, including Saffron Hill Ventures and Lucerne Capital, representing approximately 79% of voting rights, have committed to supporting the resolution to permit conversion of the bonds into shares, optimizing Agilyx's financial and operational paradigms.
Further solidifying its standing in the recycling industry, Agilyx is recognized as a pivotal player, particularly as it holds a significant 44% stake in GreenDot Global, Europe's largest platform for waste plastic recycling. Through this investment, Agilyx gains substantial access to post-use plastic, essential for feeding the recycling industry and addressing the pressing crisis of plastic waste.
Moreover, via its joint venture with ExxonMobil and LyondellBasell, Agilyx contributes to the collection and processing of post-use plastics. This synergy not only enhances the production of high-quality feedstock solutions but also reinforces Agilyx's mission to shift from a linear 'take-make-dispose' model to a sustainable and circular economy, effectively tackling environmental challenges associated with plastic waste.
The recent issuance of bonds stands as a testament to Agilyx's innovative approach to financing its operations and expanding its contribution to greener alternatives for managing plastic waste. As global pressures to mitigate climate change and ocean pollution rise, Agilyx's commitment to recycling plays a crucial role in advancing sustainable practices within the industry. Investors and stakeholders are optimistic about the future profits and environmental impact stemming from this strategic financial maneuver.
Additionally, the bond offering is set to provide Agilyx the much-needed flexibility to navigate the evolving landscape in the recycling sector, enhancing its capability to implement cutting-edge recycling technologies. The companies' own Styrenyx technology, which converts polystyrene waste into reusable monomers, serves as an example of Agilyx's forward-thinking approach to tackling plastic waste through innovative solutions.
As we move toward an era centered around sustainability and resource efficiency, Agilyx positions itself as a leading contributor, setting a dynamic pace for others in the industry to follow. The successful completion of this bond placement not only marks a pivotal moment in the company's journey but also fortifies its long-term vision to revolutionize plastic waste management and contribute significantly to environmental sustainability efforts across Europe and beyond.
In conclusion, Agilyx’s recent financial endeavors reflect a strategic allocation of resources focused on reinforcing its commitment to sustainability, making significant strides in shaping a circular economy while addressing the ever-present threats posed by plastic pollution.
For more information on Agilyx and their initiatives in recycling and sustainability, please visit their official website at www.agilyx.com.
Topics General Business）
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