Stendörren Fastigheter AB (publ) announces tender offer of up to SEK 300 million for the outstanding SEK capital securities

2023-03-06 10:10

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW

Stendörren Fastigheter AB (publ) (the “Issuer”) is offering holders of the Issuer’s outstanding SEK denominated subordinated capital securities as outlined below (the “Capital Securities”) to tender their Capital Securities for purchase by the Issuer for cash (the “Tender Offer”) at the purchase price set out below, plus accrued and unpaid interest. The Tender Offer will be capped to a total nominal amount of SEK 300,000,000 (which amount can be increased, decreased or removed at the Issuer’s sole discretion). The Capital Securities will be repurchased subject to the terms and conditions described in a tender information document dated 6 March 2023 (the “Tender Information Document”).

Description of the Capital Securities / ISIN / Issued Amount / Outstanding Amount / Minimum Denomination / Purchase Price

2019/Perpetual Subordinated FRN / SE0013042413 / SEK 800,000,000 / SEK 800,000.000 / SEK 1,250,000 / 100.0 %

The full terms and conditions of the Tender Offer can be found in the Tender Information Document, which is available at the following link: https://www.stendorren.se/en/investors/reports-and-presentations/

The Tender Offer expires at 12:00 CET on 10 March 2023, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 15 March 2023.

“The purpose with this tender offer is to pro-actively manage our upcoming redemptions in the capital markets and to reduce the overall cost of capital”, says Erik Ranje, CEO of Stendörren.

The Issuer has mandated Nordea Bank Abp and Swedbank AB (publ) as dealer managers for the Tender Offer.

Attachment: The Tender Information Document

Dealer Managers
 

Nordea Bank Abp: +45 6136 0379, [email protected]

Swedbank AB (publ): +46 (0)8 700 90 22, [email protected]

For further information, please contact the Issuer at
Per-Henrik Karlsson, CFO, [email protected] or telephone: +46 72 158 70 92

This information is information that the Issuer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10:10 CET on 6 March 2023.

Stendörren Fastigheter AB (publ)

Stendörren Fastigheter AB (publ) is an expansive property company listed on Nasdaq Stockholm Mid Cap. Our business concept is to create profitable growth in net asset value by managing, developing and acquiring properties and building rights within logistics, warehouse and light industry in Nordic growth regions. When commercially viable, we rezone such existing properties and thereby create residential building rights for further in-house development and management, mainly in Greater Stockholm and the rest of the Mälardalen region.

For more information about Stendörren Fastigheter AB (publ), see: http://www.stendorren.se/en/