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Investor Relations

2022 Dec 6

PlusPlus Capital progresses in building sustainable financing structure by aligning interests of all debt investors

Tallinn, Estonia, 6 December 2022. PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, has received feedback from the majority of holders of its 2022, 2023, and 2024 Estonian Notes, and all other creditors to consider the offer for conversion into Eurobond XS2502401552. Based on the response from the holders, the Company is evaluating additional covenant commitments and/or undertakings, subject to equal treatment and the interests of the majority, to facilitate a positive conclusion of the conversion offer. The structuring of interest-bearing liabilities into a single instrument serves to sustainably align PlusPlus Capital’s financing.

Further information will be provided in due course.

The following schedule (indicative)* is foreseen:

* Unforeseen changes in the schedule may occur in the course of the process.


PlusPlus Capital
Peeter Piho, Chairman of the Supervisory Board
Phone: +372 503 0130

Aalto Capital (Investor Relations)
Sven Pauly, Consultant
Phone: +49 89 898 67 77 0

About PlusPlus Capital:

PlusPlus is a pan-Baltic and Finnish technology-driven receivables management company with offices in Tallinn, Riga, Vilnius, and Helsinki. The Company acquires overdue loans and other non-performing exposures from financial institutions and non-financial sector merchants. With its core competence in handling claims against private individuals, PlusPlus prefers diversified portfolios balanced by geography, portfolio type, and other metrics.

Since its inception in 2010, PlusPlus has bought over 100 thousand claims with nominal value of approximately EUR 274 million as at 30 June 2022. The Company offers its clients affordable recovery solutions and aims to avoid litigious scenarios. In doing so, PlusPlus pursues win-win solutions that allow sellers to focus on their core business, provide affordable solutions for borrowers, and ensure adequate returns for investors.

PlusPlus is a transparent and socially responsible company set to assist people in resolving problems connected with their insufficient solvency. The ambition of PlusPlus is to increase its market share and further strengthen its position as a leading player in its regional market.



PlusPlus Capital made a restructuring offer to debt investors with outstanding payments to roll over positions to 2026 Eurobond. The offer was prepared together with local and international business and legal advisors.

PlusPlus Capital reports unaudited 9M 2022 results

PlusPlus Capital on solvency and operational activities related to cross-default of 2026 EUR bond

PlusPlus Capital informs of cross-default on 2026 EUR bond

PlusPlus Capital targets redemption waiver for 2022 Estonian notes – Investors express benevolence for vote on 18 November

PlusPlus Capital Strengthens Management Board for future growth

2022 6M results: strong portfolio development providing future earnings base

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PlusPlus Capital AS issues EUR 70 million corporate bond

PlusPlus Capital to conduct European investor meetings – potential bond offering (subject to market conditions)