Information – Dividend payment
January 9, 2023
Polynt Group announces that SCIL IV LLC (the Parent of the restricted group for purposes of the bond Indenture) paid a dividend of approximately $ 200 million, funded by certain subsidiaries of SCIL IV LLC with excess cash.
The dividend constituted a Permitted Payment under the Indenture, as the Consolidated Net Leverage Ratio remained below 3.0 to 1.0 after giving effect to the payment of the dividend.
Polynt Group reaffirms its policy of investing in its business (in particular, prioritising investments where there are profitable opportunities to do so) and continues to have sufficient resources to support its M&A pipeline for 2023.
The dividend was paid in December 2022.