Biokraft International AB (PUBL) announces the number of bonds that have been requested to be repurchased

This notice is made in respect of Biokraft International AB (publ) (previously Scandinavian Biogas Fuels International AB (publ)) (“Biokraft”) up to SEK 1,200,000,000 senior secured floating rate green bonds due 2026 (ISIN: SE0015812441) (the “Bonds”).

Aneo Renewables Holding AS and St1 Sverige AB have on 18 December 2023 announced their intention to consolidate their ownership in Biokraft into a jointly owned limited company, 1Vision Biogas AB (“1Vision Biogas”) (the “Consolidation”). On 2 February 2024, 1Vision Biogas announced the completion of the Consolidation and that it holds approximately 55 percent of the shares and votes in Biokraft and consequently it has announced a mandatory cash offer to the shareholders of Biokraft. The completion of the Consolidation has triggered a Change of Control Event under the terms and conditions for the Bonds (the “Terms and Conditions”).

As a result of the Change of Control Event, each holder of a Bond (each a “Bondholder”) had a right to request that all, or some only, of its Bonds are repurchased at a price per Bond equal to 101 percent of the Nominal Amount together with accrued but unpaid interest, pursuant to Clause 9.6.1 of the Terms and Conditions. The deadline to request such repurchase of Bonds has occurred at 17:00 CET on 6 March 2024.

As of today, Bondholders holding Bonds in a total Nominal Amount equal to SEK 557.5 million have requested that their Bonds are repurchased.

The Redemption Date applicable to those Bondholders who have submitted a valid repurchase instruction in accordance with the repurchase instruction form, in due time, will be 6 May 2024.

Further information

For questions regarding the repurchase and redemption of Bonds, please contact Nordea at [email protected] or +45 6136 0379.

This information was submitted, through the care of the below contact person, for publication on 7 March 2024 at 07:30 CET.