NP3 Fastigheter announces the result of the tender offer for certain outstanding bonds
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NP3 Fastigheter AB (publ) ("NP3" or the "Company") announces the result of the voluntary tender offer that NP3 announced on 24 September 2024 (the "Tender Offer") directed to holders of existing bonds maturing 23 September 2025 with ISIN SE0018537623 (the “2022/2025 Bonds”) and bonds maturing 12 April 2026 with ISIN SE0020051555 (the “2023/2026 Bonds” and together with the 2022/2025 Bonds, the “Existing Bonds”).
The Tender Offer expired 12:00 CEST on 27 September 2024 and was made in accordance with the terms and conditions set out in the tender information document dated 24 September 2024 (the "Tender Information Document").
NP3 has received tenders of a total nominal amount of SEK 48.75 million for the 2022/2025 Bonds and SEK 43.75 million for the 2023/2026 Bonds. NP3 has accepted all valid tenders of the 2022/2025 Bonds amounting to SEK 48.75 million and all valid tenders of the 2023/2026 Bonds amounting to SEK 43.75 million. Following the completion of the Tender Offer, NP3 will own SEK 87.5 million (including SEK 38.75 million prior to the completion of the Tender Offer) of the 2022/2025 Bonds (out of SEK 400 million) and SEK 43.75 million 2023/2026 Bonds (out of SEK 500 million). The Company intends to complete the Tender Offer, with the price set at 101.95 per cent of the nominal amount plus accrued but unpaid interest for the 2022/2025 Bonds and 103.75 per cent of the nominal amount plus accrued but unpaid interest for the 2023/2026 Bonds. Settlement for the Tender Offer is expected to occur on or about 3 October 2024. The Existing Bonds will be repurchased subject to the terms and conditions described in the Tender Information Document.
The Company intends to redeem the 2022/2025 Bonds not tendered in the Tender Offer in full at a price of 101.95 per cent of the nominal amount on 21 October 2024 in accordance with the final terms for the 2022/2025 Bonds and the notice of conditional early redemption which was announced by the Company on 25 September 2024. All other 2022/2025 Bonds which are held by the Company will be cancelled in connection with the redemption.
For more information about the Tender Offer, please contact the Dealer Managers.
Dealer Managers
Nordea: [email protected]
SEB: [email protected]