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Teneo AI Completes Refinancing, Eliminates Interest-bearing Debt

MT Newswires·09/17/2026 01:47:52
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01:47 AM EDT, 09/17/2026 (MT Newswires) -- Swedish artificial intelligence company Teneo AI (TENEO.ST) said Wednesday it has completed its refinancing, eliminating its interest-bearing debt. The refinancing comprised directed share issues to Capital Four, Arpeggio, SEB-Stiftelsen and Pareto Securities, alongside a 74 million-krona rights issue. The directed issues were settled by setting off the subscribers' claims against the company. The refinancing followed an agreement to restructure 290 million kronor in senior loan financing and a separate deal to convert a 25 million-krona subordinated loan into shares. Capital Four was allotted 939,642,102 shares, while Arpeggio, SEB-Stiftelsen and Pareto Securities received 76,289,999, 135,626,665 and 18,480,000 shares, respectively. Capital Four retains a right to a future 25 million-krona profit share from a sale of the company or another value-generating transaction. The directed issues increased Teneo's share capital to 154.9 million kronor from 97.2 million kronor.