Agilyx ASA Successfully Raises EUR 14 Million Through Convertible Bonds Placement for Strategic Growth by 2027

Agilyx ASA Secures Funding for Growth Strategy

Agilyx ASA, a prominent player in the recycling and waste management sector, has successfully conducted a bond tap issue, raising EUR 14 million via the placement of convertible bonds. This recent funding injection is expected to significantly enhance the company's liquidity position and facilitates the execution of its updated strategy through 2027.

The freshly acquired funds augment the total issuance of Agilyx’s convertible bonds to EUR 37.4 million, following previous placements amounting to EUR 24 million. The bonds were priced at 80% of their par value, with the settlement for this round scheduled for March 5, 2026. This strategic maneuver was facilitated through a reverse inquiry process led by Arctic Securities, showcasing confidence among investors in Agilyx's operational plans.

In an effort to maximize stakeholder engagement and address future growth prospects, Agilyx will hold an extraordinary general meeting for its shareholders on March 2, 2026. Here, they will consider a resolution to permit these convertible bonds to convert into shares, while waiving the shareholders’ preferential rights. This approach aligns with previous bond issues under the same tranche, reinforcing the company’s commitment to maintaining shareholder value.

Ranjeet Bhatia, the CEO of Agilyx, emphasized that the placement of additional convertible bonds, alongside the planned redemption of senior bonds, will greatly enhance the company’s liquidity, offering a clearer path through 2027 as they implement their updated strategies. "Our immediate focus is on disciplined execution at GreenDot, where we foresee balanced earnings growth and enhanced value creation," Bhatia stated. He also noted that Agilyx continues to leverage its technological innovations for capital-light upside potential.

The company’s advanced recycling technology, known as Styrenyx, represents a scalable licensing opportunity. Agilyx also holds long-term offtake agreements that provide robust positioning and strategic flexibility without requiring significant additional capital input. Post-reorganization, the company has structured its operations to merge immediate cash generation with long-term growth potentials in a more resilient and value-driven manner.

About Agilyx

Agilyx ASA operates on the forefront of recycling and plastic waste management, providing critical feedstock supply to the recycling industry. Holding a 44% stake in GreenDot Global, Europe’s largest waste plastic recycling entity, Agilyx is strategically positioned to access substantial volumes of post-consumer plastics. The company manages advanced sorting and recycling infrastructures across Germany, Austria, and Italy, contributing to critical European recycling markets.

Through its innovative recycling processes, Agilyx helps bridge the gap between a linear economic model and a circular economy, tackling the escalating crisis of plastic waste. This transition supports not only the recycling industry but also global efforts toward achieving a low-carbon future. As Agilyx continues on its growth trajectory, the upcoming funding will play a pivotal role in realizing its mission to innovate within the realms of waste treatment and recycling.

For further insights, the company maintains a robust online presence, providing media resources and additional information through its official website, www.agilyx.com. Agilyx stands at the forefront of a critical movement towards sustainability, aiming to reshape how society views and manages plastic waste.