Storskogen announces results from the partial tender offer

Storskogen Group AB (publ) (“Storskogen”) announces the results of the partial tender offer (the “Tender Offer”) to the holders of Storskogen’s senior unsecured floating rate bonds with ISIN SE0017084650 maturing on 1 December 2025 and with an outstanding amount of SEK 3 billion (the “Bonds”). The Tender Offer expired at 12:00 CEST on 30 May 2024 and was made subject to the terms and conditions described in the tender information document dated 27 May 2024 (the “Tender Information Document”).

Bonds in an aggregate amount of SEK 1.64 billion have been validly tendered by investors out of which SEK 1.25 billion valid tenders have been accepted by Storskogen. Valid tenders from investors who have subscribed for and been allocated bonds in Storskogen’s issue of new bonds in an amount of SEK 1.25 billion which was announced by the company on 29 May 2024 (the “New Bonds”) have been prioritised in acceptance by Storskogen (“Priority Tenders”). Valid tenders not being Priority Tenders have been accepted on a pro rata basis in accordance with the process described in the Tender Information Document with a proration factor of 50 percent.

Storskogen will complete the Tender Offer and the price for the Bonds in the Tender Offer amounts to 101.00 percent of the nominal amount. Storskogen will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date for the Tender Offer. Settlement for the Tender Offer is expected to occur in connection with the settlement date for the issue of the New Bonds on 7 June 2024.

Danske Bank, DNB Markets, Nordea, SEB and Swedbank have acted as dealer managers in relation to the tender offer.

Gernandt & Danielsson acted as legal advisor.

For more information, please contact:
Andreas Lindblom, Head of Investor Relations
+46 72 506 14 22
[email protected]

For media inquiries please contact:
Michael Metzler, Head of Communication
+46 73 305 59 55
[email protected]

About Storskogen
Storskogen is an international group of businesses across trade, industry and services. As a long-term owner, we are positioned to identify, acquire, and develop market leaders with sustainable business models. Storskogen creates value by providing access to capital and strategic direction combined with active governance and a decentralised operational model. Storskogen has approximately 12,000 employees, net sales of SEK 35 billion (LTM) across a diversified group of businesses and is listed on Nasdaq Stockholm.