Agilyx Successfully Completes Placement of EUR 20 Million Convertible Bonds Set to Mature in 2028

Agilyx ASA Secures EUR 20 Million with Subordinated Convertible Bonds

On October 28, 2025, Agilyx ASA, a leader in sustainable waste recycling, announced the successful placement of EUR 20 million in subordinated convertible bonds. These bonds, which are due in June 2028, are part of a broader issuance framework amounting to EUR 40 million.

The bond has a fixed coupon rate set at 10%, with interest payments scheduled semi-annually. A key feature is the inclusion of Payment-in-Kind (PIK) interest, allowing holders to receive additional bonds instead of cash. The reference share price is set at EUR 1.6524, and the initial conversion price, which signifies the conversion premium, has been established at EUR 1.9829, representing a 20% premium over the stock's average price on the Oslo Stock Exchange from October 22 to October 24, 2025.

To facilitate this bond issuance, Agilyx will convene an extraordinary general meeting of shareholders on or around November 18, 2025. During this pivotal meeting, shareholders will be asked to approve the convertible bonds' transformation into shares and waive their preferential rights in this context. Encouragingly, shareholders holding approximately 79% of voting rights have committed to supporting this resolution.

Agilyx’s approach to raising capital through these convertible bonds underscores its commitment to expanding its footprint as a pioneer in the recycling industry. The proceeds from this bond will enable the company to enhance its initiatives surrounding the development of plastic waste feedstock, aligning perfectly with its overarching goal of contributing to a circular economy.

Agilyx operates as a significant player in the waste recycling sector and has a vested interest in GreenDot Global, Europe's largest waste plastic recycling platform, which yields over EUR 400 million in revenue annually. This synergistic relationship allows Agilyx to access substantial volumes of post-consumer plastic waste and advanced sorting technologies across Germany, Austria, and Italy, thus bolstering its influence in the European recycling market.

Additionally, Agilyx is a co-founder of Cyclyx, a joint venture with ExxonMobil and LyondellBasell, focusing on collecting and processing post-use plastic waste into high-quality feedstock solutions. This venture is critical as Agilyx works to redirect plastics from traditional waste streams into productive reuse and recycling, continually advancing its proprietary technologies.

In summary, Agilyx ASA's successful bond placement not only bolsters its financial footing but also reinforces its mission to combat the escalating plastic waste crisis. The strategic growth through these financial instruments is set to enhance Agilyx's capabilities and market position, ensuring its contributions to both environmental sustainability and a low-carbon future are realized on a larger scale.

For further inquiries, interested parties can reach out through Agilyx's official channels or visit Agilyx’s Media Room.