Selecta secures EUR 50 million additional liquidity

Cham, Switzerland, 13 January 2025: Selecta Group, a Swiss-based Foodtech leader with a world-class distribution network in Europe, is pleased to announce it has secured €50m of additional liquidity via a new credit facility provided by certain of its existing noteholders. The credit facility will be fully available to Selecta Group upon the satisfaction of customary conditions precedent, strengthening its liquidity and balance sheet, and positions the Company for future success.

Additionally, the Company obtained consent from a majority of the holders of its 1L Notes (as defined below) to extend the grace period for the interest payment due on 2 January 2025 under the first lien EUR and CHF notes issued by Selecta and due April 2026 (the “1L Notes”).

Detailed terms of the new credit facility will be released in due course.

Selecta and its advisors continue to hold constructive discussions with financial stakeholders to evaluate refinancing options with the goal of enabling Selecta to deliver on its long-term growth strategy. These financial stakeholders represent a majority of the holders under the 1L Notes, second lien notes (EUR and CHF) and Class A preference shares.

As stated at its third-quarter results on 6 November 2024, Selecta continues to expand its Foodtech offerings to meet growing client demand and position itself strongly to take advantage of the long-term market opportunities available.

Selecta’s transformation into a European Foodtech leader has positioned it well to meet evolving consumer needs, providing quality and value that resonate in today’s challenging economic environment.