NP3 Fastigheter gives notice of conditional early redemption of outstanding 2022/2025 bonds

NP3 Fastigheter AB (publ) (the “Issuer” or “NP3”) today announces that the Issuer has instructed Nordic Trustee & Agency AB (publ) in capacity as agent to give notice of conditional early redemption to the holders of the Issuer’s outstanding senior unsecured green floating rate bonds, maturing on 23 September 2025 and with ISIN SE0018537623 (the “2022/2025 Bonds”) in accordance with the final terms of the 2022/2025 Bonds.

The 2022/2025 Bonds will be redeemed at a price of 101.95 per cent of the nominal amount together with accrued but unpaid interest. The redemption date will occur on 21 October 2024 and the record date for the redemption is on 14 October 2024. The notice of conditional early redemption of the 2022/2025 Bonds is available on the Issuer’s website.

As communicated by NP3 on 24 September 2024, the Issuer has mandated Nordea Bank Abp (“Nordea”) and Skandinaviska Enskilda Banken AB (publ) (“SEB”) as joint bookrunners to investigate the possibility to issue new green SEK senior unsecured bonds with an expected volume of SEK 300,000,000 and an expected tenor of 3.25 years (the “New Green Bonds”). The Issuer’s early redemption of the 2022/2025 Bonds is conditional upon a completed issue of the New Green Bonds.

On 24 September 2024, NP3 announced a voluntary tender offer with respect to, inter alia, the 2022/2025 Bonds at a price of 101.95 per cent of the nominal amount for the 2022/2025 Bonds (the “Tender Offer”). The 2022/2025 Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 24 September 2024. Settlement of the Tender Offer is expected to occur at or around 3 October 2024.

The Issuer has mandated Nordea and SEB to act as dealer managers and joint bookrunners in connection with the issue of New Green Bonds and the Tender Offer and Snellman Advokatbyrå AB acts as legal counsel for the transactions.