MedservRegis plc, an integrated logistics specialist primarily servicing the energy (oil and gas) and mining sectors, is seeking regulatory approval from the Malta Financial Services Authority (MFSA) to refinance its existing 2015 bond issues through a new bond offering, following the company update issued on 16th September 2025.

The company’s board of directors has approved a draft prospectus for the issue of up to the euro equivalent of €25 million in new unsecured bonds, split as follows:

• 5 per cent Euro (€) unsecured bonds due 2031–2036
• 5 per cent US Dollar ($) unsecured bonds due 2031–2036

Once approved, the new bonds will first be offered to existing holders of the 2015 bonds. The company currently has two bonds in issue: €21.98 million in 4.5 per cent euro-denominated unsecured bonds and $8.05 million in 5.75 per cent US dollar-denominated unsecured bonds, both originally issued in 2015.

The new €25 million bond issue will be used to partly replace the bonds maturing in February 2026. 

This means current bondholders will have the option to surrender their existing bonds in exchange for an equivalent amount of the new 2031–2036 bonds.

Existing bondholders eligible to participate will be those holding the 2015 bonds as at 16th October 2025, with the last trading day being 14th October 2025.

Any new bonds not taken up through the exchange offer will subsequently be made available through an intermediaries’ offer.

Bondholders who exchange their 2015 bonds for the new issue will:

• Relinquish the right to interest on the 2015 bonds from the date of issue of the new bonds; and
• Receive a final interest payment covering the period from 5th August 2025 (the most recent interest payment date) up to the new bond issue date, within 30 days from the listing of the new bonds.

After the issue, interest will accrue only on the new 5.5 per cent euro and 6.5 per cent dollar bonds.

To facilitate the exchange process, MedservRegis has requested the suspension of trading in the 2015 bonds from the close of business on 14th October 2025, until further notice.

The publication of the full prospectus and further details on the offering will follow once regulatory approval from the MFSA is received.

The company’s privacy notice applicable to bondholders is available here.