Filing Details

Accession Number:
0001193125-24-030337
Form Type:
13G Filing
Publication Date:
2024-02-08 19:00:00
Filed By:
Blackstone Holdings Ii L.p.
Company:
Oatly Group Ab (NASDAQ:OTLY)
Filing Date:
2024-02-09
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
BXG Redhawk S. r.l 48,306,851 0 48,306,851 0 48,306,851 8.0%
BXG SPV ESC (CYM) 460,373 0 460,373 0 460,373 0.1%
BXG Redhawk Holdings (CYM) 0 48,306,851 0 48,306,851 48,306,851 8.0%
BXG Holdings Manager 0 48,306,851 0 48,306,851 48,306,851 8.0%
Blackstone Growth Associates 0 48,306,851 0 48,306,851 48,306,851 8.0%
BXGA 48,306,851 0 48,306,851 0 48,306,851 8.0%
BXG Side-by-Side GP 460,373 0 460,373 0 460,373 0.1%
Blackstone Holdings II 48,767,224 0 48,767,224 0 48,767,224 8.1%
Blackstone Holdings I II GP 48,767,224 0 48,767,224 0 48,767,224 8.1%
Blackstone Inc 48,767,224 0 48,767,224 0 48,767,224 8.1%
Blackstone Group Management 48,767,224 0 48,767,224 0 48,767,224 8.1%
Stephen A. Schwarzman 48,767,224 0 48,767,224 0 48,767,224 8.1%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

Oatly Group AB

(Name of Issuer)

Ordinary shares, par value $0.00018 (SEK 0.0015) per share

(Title of Class of Securities)

67421J108**

(CUSIP Number)

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

**

This CUSIP number applies to the Issuers American Depositary Shares, evidenced by American Depositary Receipts, each representing one ordinary share of the Issuer.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 BXG Redhawk S.à r.l.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Luxembourg

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 48,306,851

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 48,306,851

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,306,851

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 8.0%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

2


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 BXG SPV ESC (CYM) L.P.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Cayman Islands

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 460,373

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 460,373

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 460,373

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 0.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN

 

3


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 BXG Redhawk Holdings (CYM) L.P.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Cayman Islands

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 0

   6   

 SHARED VOTING POWER

 

 48,306,851

   7   

 SOLE DISPOSITIVE POWER

 

 0

   8   

 SHARED DISPOSITIVE POWER

 

 48,306,851

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,306,851

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.0%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN

 

4


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 BXG Holdings Manager L.L.C.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 0

   6   

 SHARED VOTING POWER

 

 48,306,851

   7   

 SOLE DISPOSITIVE POWER

 

 0

   8   

 SHARED DISPOSITIVE POWER

 

 48,306,851

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,306,851

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.0%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

5


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 Blackstone Growth Associates L.P.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 0

   6   

 SHARED VOTING POWER

 

 48,306,851

   7   

 SOLE DISPOSITIVE POWER

 

 0

   8   

 SHARED DISPOSITIVE POWER

 

 48,306,851

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,306,851

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.0%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN

 

6


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 BXGA L.L.C.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 48,306,851

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 48,306,851

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,306,851

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.0%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

7


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 BXG Side-by-Side GP L.L.C.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 460,373

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 460,373

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 460,373

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 0.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

8


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 Blackstone Holdings II L.P.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 48,767,224

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 48,767,224

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,767,224

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN

 

9


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 Blackstone Holdings I/II GP L.L.C.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 48,767,224

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 48,767,224

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,767,224

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

10


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 Blackstone Inc.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 48,767,224

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 48,767,224

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,767,224

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 CO

 

11


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 Blackstone Group Management L.L.C.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 48,767,224

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 48,767,224

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,767,224

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

12


CUSIP No. 67421J108

 

 1   

 NAMES OF REPORTING PERSONS

 

 Stephen A. Schwarzman

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 United States

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 48,767,224

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 48,767,224

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 48,767,224

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 IN

 

13


Item 1(a).

Name of Issuer

Oatly Group AB (the Issuer)

 

Item 1(b).

Address of Issuers Principal Executive Office

Ångfärjekajen 8

211 19 Malmö

Sweden

 

Item 2(a).

Name of Person Filing

 

Item 2(b).

Address of Principal Business Office

 

Item 2(c).

Citizenship

Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of:

 

  (i)

BXG Redhawk S.à r.l.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: Luxembourg

 

  (ii)

BXG SPV ESC (CYM) L.P.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: Cayman Islands

 

  (iii)

BXG Redhawk Holdings (CYM) L.P.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: Cayman Islands

 

  (iv)

BXG Holdings Manager L.L.C.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (v)

Blackstone Growth Associates L.P.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (vi)

BXGA L.L.C.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

14


  (vii)

BXG Side-by-Side GP L.L.C.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (viii)

Blackstone Holdings II L.P.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (ix)

Blackstone Holdings I/II GP L.L.C.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (x)

Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

 

  (xi)

Blackstone Group Management L.L.C.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (xii)

Stephen A. Schwarzman

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: United States

As of December 31, 2023, BXG Redhawk S.à r.l. beneficially owns an aggregate of 48,306,851 Ordinary Shares consisting of 39,402,666 Ordinary Shares (as defined below) held directly and Ordinary Shares which may be received upon conversion of $21,461,038.05 of 9.25% Convertible Senior PIK Notes due 2028 (the Convertible Notes) (8,904,185 Ordinary Shares as of December 31, 2023) and BXG SPV ESC (CYM) L.P. (together with BXG Redhawk S.à r.l., the Blackstone Funds) beneficially owns an aggregate of 460,373 Ordinary Shares consisting of 375,516 Ordinary Shares held directly and Ordinary Shares which may be received upon conversion of $204,522.95 of Convertible Notes (84,857 Ordinary Shares as of December 31, 2023).

The Convertible Notes are convertible at the option of each holder at an initial conversion rate of 0.4149 American Depositary Shares, each representing one Ordinary Share (as defined below), per $1.00 principal amount of Convertible Notes (the Conversion Rate), which is equal to an initial conversion price of approximately $2.41 per Ordinary Shares or per ADSs. The Conversion Rate is subject to customary anti-dilution adjustments and certain other adjustments. The Convertible Notes bear interest at a rate of 9.25% per annum, payable semi-annually in arrears in cash or in payment-in-kind, at the Issuers option All of the computations and share amounts used herein do not give effect to any accretion of interest on the Convertible Notes or the payments of any interest in-kind until the time of such declaration and payment.

BXG Redhawk S.à r.l. is controlled by BXG Redhawk Holdings (CYM) L.P., the general partner of which is BXG Holdings Manager L.L.C. Blackstone Growth Associates L.P. is the managing member of BXG Holdings Manager L.L.C and BXGA L.L.C. is the general partner of Blackstone Growth Associates L.P. Blackstone Holdings II L.P. is the managing member of BXGA L.L.C. The general partner of BXG SPV ESC (CYM) L.P. is BXG Side-by-Side GP L.L.C. Blackstone Holdings II L.P. is the sole member of BXG Side-by-Side GP L.L.C. Blackstone Holdings I/II GP L.L.C. is the general partner of Blackstone Holdings II L.P.

 

15


Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly owned by Blackstones senior managing directors and controlled by its founder, Stephen A. Schwarzman.

Each such Reporting Person may be deemed to beneficially own the Ordinary Shares beneficially owned by each of BXG Redhawk S.à r.l. and BXG SPV ESC (CYM) L.P. but neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that any Reporting Person (other than BXG Redhawk S.à r.l. and BXG SPV ESC (CYM) L.P.) is the beneficial owner of the Ordinary Shares referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the Act), or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such shares. The filing of this statement should not be construed to be an admission that any member of the Reporting Persons are members of a group for the purposes of Sections 13(d) and 13(g) of the Act.

The foregoing includes a summary of certain terms of the Convertible Notes, and is qualified in its entirety to the terms of such Convertible Notes as set forth in the Indenture Agreement, dated March 23, 2023, between the Issuer and U.S. Bank Trust Company, National Association, as Trustee, filed as Exhibit 4.7 to the Issuers Form 20-F filed with the Securities and Exchange Commission on April 20, 2023.

 

Item 2(d).

Title of Class of Securities

Ordinary shares, par value $0.00018 (SEK 0.0015) per share (the Ordinary Shares) represented by American Depositary Shares, evidenced by American Depositary Receipts, each representing one Ordinary Share.

 

Item 2(e).

CUSIP Number

67421J108 This CUSIP applies to the American Depositary Shares, evidenced by American Depositary Receipts, each representing one Ordinary Share. No CUSIP has been assigned to the Ordinary Shares.

 

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

 

Item 4.

Ownership

 

  (a)

Amount beneficially owned:

Calculation of the percentage of Ordinary Shares beneficially owned is based on 594,255,240 Ordinary Shares outstanding as of September 30, 2023, as set forth in the Form 6-K filed by the Issuer with the Securities and Exchange Commission on November 9, 2023 and assumes the conversion of the Convertible Notes.

Each of the Reporting Persons may be deemed to be the beneficial owner of the Ordinary Shares listed on such Reporting Persons cover page. As of December 31, 2023, BXG Redhawk S.à r.l. directly holds 39,402,666 Ordinary Shares and $21,461,038.05 of Convertible Notes and BXG SPV ESC (CYM) L.P. directly holds 375,516 Ordinary Shares and $204,522.95 of Convertible Notes. See Item 2

 

  (b)

Percent of class:

Each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of Ordinary Shares listed on such Reporting Persons cover page.

 

16


  (c)

Number of Shares as to which the Reporting Person has:

 

  (i)

Sole power to vote or to direct the vote:

See each cover page hereof.

 

  (ii)

Shared power to vote or to direct the vote:

See each cover page hereof.

 

  (iii)

Sole power to dispose or to direct the disposition of:

See each cover page hereof.

 

  (iv)

Shared power to dispose or to direct the disposition of:

See each cover page hereof.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group

Not applicable.

 

Item 9.

Notice of Dissolution of Group

Not applicable.

 

Item 10.

Certification

Not applicable.

 

17


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 9, 2024

 

BXG REDHAWK S.À R.L.
Class A Manager
By:  

/s/ John Sutherland

Name: John Sutherland
Title: Authorized Signatory
Class B Managers
By:  

/s/ Romain Jay

Name: Romain Jay
Title: Authorized Signatory
Blackstone Capital Partners Holdings Director L.L.C.
By:  

/s/ Omar Rehman

Name: Omar Rehman
Title: Chief Compliance Officer and Secretary
BXG SPV ESC (CYM) L.P.
By: BXG Side-by-Side GP L.L.C., its general partner
By:  

/s/ Joshua Shapiro

Name: Joshua Shapiro
Title: Chief Compliance Officer and Secretary
BXG REDHAWK HOLDINGS (CYM) L.P.
By: BXG Holdings Manager L.L.C., its general partner
By:  

/s/ Joshua Shapiro

Name: Joshua Shapiro
Title: Chief Compliance Officer and Secretary

BXG HOLDINGS MANAGER L.L.C.
By:  

/s/ Joshua Shapiro

Name: Joshua Shapiro
Title: Chief Compliance Officer and Secretary
BLACKSTONE GROWTH ASSOCIATES L.P.
By: Blackstone Growth Associates L.P., its general partner
By: BXGA L.L.C., its general partner
By:  

/s/ Joshua Shapiro

Name: Joshua Shapiro
Title: Chief Compliance Officer and Secretary
BXGA L.L.C.
By:  

/s/ Joshua Shapiro

Name: Joshua Shapiro
Title: Chief Compliance Officer and Secretary
BXG SIDE-BY-SIDE GP L.L.C.
By:  

/s/ Joshua Shapiro

Name: Joshua Shapiro
Title: Chief Compliance Officer and Secretary
BLACKSTONE HOLDINGS II L.P.
By Blackstone Holdings I/II GP L.L.C., its general partner
By:  

/s/ Tabea Hsi

Name: Tabea Hsi
Title: Senior Managing Director
BLACKSTONE HOLDINGS I/II GP L.L.C.
By:  

/s/ Tabea Hsi

Name: Tabea Hsi
Title: Senior Managing Director

BLACKSTONE INC.
By:  

/s/ Tabea Hsi

Name: Tabea Hsi
Title: Senior Managing Director
BLACKSTONE GROUP MANAGEMENT L.L.C.
By:  

/s/ Tabea Hsi

Name: Tabea Hsi
Title: Senior Managing Director

/s/ Stephen A. Schwarzman

Stephen A. Schwarzman