Stendörren gives notice that condition for early voluntary redemption of its outstanding notes have been satisfied
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Stendörren gives notice that condition for early voluntary redemption of its outstanding notes have been satisfied

Press release

12 September 2024

NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED IN OR RESIDENT OF THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, THE WAKE ISLANDS, 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 ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS DOCUMENT IS PROHIBITED BY LAW. THE DISTRIBUTION OF THIS DOCUMENT MAY BE UNLAWFUL IN CERTAIN JURISDICTIONS (IN PARTICULAR THE UNITED STATES AND THE UNITED KINGDOM).

Stendörren confirms that the condition contained in the conditional notice of early redemption given on 5 September 2024 (the “Conditional Notice of Early Redemption”) to all holders of the up to SEK 1,200,000,000 (with an aggregate outstanding amount of SEK 600,000,000) senior unsecured floating rate 2021/2025 notes with ISIN SE0017084676(the “Notes”) has been satisfied.

In the Conditional Notice of Early Redemption, Stendörren notified the holders of the Notes that it would redeem its outstanding Notes, subject to the successful settlement of SEK-denominated senior unsecured green notes of up to approximately SEK 800,000,000 under a framework of SEK 1,200,000,000 with an expected term of 3.25 years.

Stendörren hereby confirms that the Condition (as defined in the Conditional Notice of Early Redemption) has been satisfied. Since the Condition (as defined in the Conditional Notice of Early Redemption) has been satisfied, the redemption as contemplated by the Conditional Notice of Early Redemption will occur on 1 October 2024.

19 September 2024 will be the last day for trading of the Notes in order for the trade to be registered in the debt register on the record date, being 24 September 2024.

For more information, please contact:

Erik Ranje, CEO, +46 703 08 52 09 or [email protected]

Per-Henrik Karlsson, CFO, +46 721 58 70 92 or [email protected]

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 development and management, mainly in Greater Stockholm and the rest of the Mälardalen region.

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

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