Hili Finance Company plc - New Bond Issue

Hili Finance Company p.l.c. (“the Issuer”) has announced that it will be issuing an unsecured bond amounting to €60 million with a coupon of 5% per annum and a redemption date of 6 February 2033 (“the Bond”).

Issuer Profile

The Issuer is a subsidiary of Hili Ventures Limited (“the Guarantor”) and acts primarily as a finance company for the companies forming part of the Hili Ventures Companies (“the Group” or “Hili”). In turn, the Guarantor is the holding company of various subsidiaries involved in a number of business sectors, including restaurant operations, investments in IT solutions and retail, commercial real estate, hospitality, and shipping and logistics. Total group revenues for the year ended 31 December 2024 reached €1.1 billion, with operating profits amounting to €92.6million.

 

in terms of major assets and relative contributions, it is noted that Premier Capital p.l.c. (“Premier Capital”), operates quick service restaurant operations in several countries including Estonia, Greece, Latvia, Lithuania, Malta and Romania, acting as the developmental licensee for the McDonald’s brand under franchise. In 2024, this business generated revenues in excess of €710 million. With respect to the IT sector, 1923 Investments operates and manages investments in the technology industry, targeting opportunities to acquire and develop companies in the areas of retail and IT solutions in Poland and Hungary as an Apple Premium Reseller, and payment processing services, IT solutions and security systems. Hili is expecting to continue pursuing expansion across its business activities, primarily driven by restaurant operations, followed by retail and commercial sale, and other activities.

For further information on the Issuer and the Bond, a link to the prospectus may be found below:

• Registration Document

• Securities Note

• Summary

Use of Proceeds

The net proceeds from the issue of the Bond shall be used by Hili for refinancing and investment purposes, as follows:

1. an amount of up to €32.5 million will be directed towards the exchange and cancellation of holdings in the 3.75% unsecured bonds 2026 (ISIN: MT0000511213) issued by Premier Capital in 2016
2. an amount of circa €1.6 million will be used to part-finance the acquisition of a property in Hamrun
3. an amount of circa €3.5 million will be used to part-finance the development and refurbishment costs of a hotel in Valletta
4. an amount of up to €35 million, depending on the amount allocated in terms of (i) and having consideration for the amounts allocated in terms of (ii) and (iii), shall be utilised to finance capital expenditure related to the expansion of the retail business of iSpot in Poland
5. remaining balance of up to €18 million will be used for the general corporate funding purposes

Application Process

1. The Bond shall be available for subscription through financial intermediaries including Curmi & Partners Ltd., as follows:
   €32.5 million for Premier Capital bondholders as at 9 December 2025 (“the Cut-off Date”) up to the extent of their holdings
2. €17.5 million (in addition to any amounts not taken up as per (i) above and (iii) below) for Premier Capital bondholders in respect of any excess applied for, and for preferred applicants. Preferred applicants include holders of other securities issued by companies forming part of the Group, namely Hili Finance bondholders, Hili Properties shareholders, and Harvest Technology shareholders as at the Cut-Off Date, in addition to stakeholders such as Group employees and directors
3. €10 million (in addition to any balance not taken up as per (ii) above), for subscription by the general public

All applications, are subject to a minimum subscription amount of €3,000, including where required, a top-up. Relevant application forms shall be mailed to Premier Capital bondholders and preferred applicants on 19 December 2025, with applications forms for the general public available as at 23 December 2025. The offer period will open on 7 January 2026 and close on 28 January 2026.

Should you be interested in participating in the new bond issue or have any queries, kindly contact one of our team as per the contact details below.

Client Manager	Telephone Number	E-mail Address
Kim Cassar	+356 2342 6160	kcassar@curmiandpartners.com
James Borg	+356 2342 6161	jborg@curmiandpartners.com
Tiago Teixeira	+356 2342 6149	tteixeira@curmiandpartners.com
David Curmi	+356 2342 6110	dcurmi@curmiandpartners.com

     

     

     

     

     

     

     

Disclaimer

Curmi & Partners Ltd is acting as an Authorised Financial Intermediary for this bond. This communication should not be considered as investment advice or recommendation with respect to these financial instruments and the information provided herein is for informational purposes only. No tax, legal or any other ancillary regulatory advice is provided in this advertisement. The information contained in this advertisement is based on public information and reflects the Offering Documentation of the financial instruments, with the information being accurately reproduced and no facts have been omitted which would render the reproduced information inaccurate or misleading. However, Curmi & Partners Ltd has not independently verified the information it has obtained from sources that it believes to be reliable. Investors are urged to read the Offering Documentation when considering whether to invest in this financial instrument. The value of investments can fall as well as rise and past performance is no indication of future performance. Curmi & Partners Ltd is acting on a non-independent basis and may receive inducements from the Issuer of the securities. This advertisement was approved for issue by Curmi & Partners Ltd, which is licensed to conduct investment services business under the Investments Services Act (Cap 370 of the Laws of Malta) by the MFSA and is also a Member of the Malta Stock Exchange. Curmi & Partners Ltd’s registered address is at Finance House, Princess Elizabeth Street, Ta’ Xbiex, XBX 1102.