HLRE Holding agrees to an increase of its super senior revolving credit facility

HLRE Holding Oyj (the "Company") has agreed an increase to the available commitments under its existing super senior revolving credit facility made available by a fund managed by Capital Four from EUR 2 million to EUR 3.25 million.

The Company expects in due course to be able to launch a written procedure in respect of its senior secured bonds (ISIN SE0015530712) (the "Bonds") where the Company will propose to the holders of the Bonds that they approve a recapitalization of the Company substantially on the terms announced by the Company on 12 February 2026. The increase will provide the Company with additional liquidity required to complete the recapitalization.

To implement the increase, the Company and Nordic Trustee & Agency AB (publ) as agent for the Bonds have agreed to increase the maximum super senior commitment permitted under the intercreditor agreement relating to the super senior revolving credit facility and the Bonds to EUR 3.25 million.

About Vesivek
Vesivek is Finland's leading service company specializing in water control and humidity control solutions outside properties. Our services include roof and drainage renovations, as well as the manufacture and installation of roof safety products and rainwater systems. We manufacture roof profiles in Pirkkala, as well as rainwater systems and roof safety products in Orimattila at our own factories. With the help of a locally operating installation network, we serve owners of detached houses, housing companies, construction companies, real estate investment companies and other operators all over Finland. The companies belonging to the Vesivek Group are Vesivek Oy, Vesivek Tuotteet Oy, Vesivek Salaojat Oy, Tuusulan Peltikeskus Oy and Vesivek Sverige Ab. The Group employs approximately 600 people. The Group's net sales were approximately EUR 103 million (financial period 02/2024–1/2025). www.vesivek.fi

Further information:

Kimmo Riihimäki, Group CEO, +358 40 073 0671

Antti Kärkkäinen, interim CFO, +358 40 844 4393