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 outstanding bonds of SEK 1.75 billion with maturity in December 2025 (the “Bonds”)¹, which Storskogen announced on 24 September 2024. The Tender Offer expired at 12:00 CEST on 27 September 2024 and was made subject to the terms and conditions described in the tender information document dated 24 September 2024 (the “Tender Information Document”). 

Bonds in an aggregate amount of SEK 910 million have been validly tendered by investors, out of which all valid tenders have been accepted by Storskogen.

Storskogen intends to complete the Tender Offer in accordance with the Tender Information Document 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 on 3 October 2024, meaning on the same date as the settlement date for Storskogen’s issue of new bonds in an amount of SEK 1.25 billion which was announced by Storskogen on 26 September 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.

¹ The total outstanding amount is SEK 3.0 billion, of which Storskogen has previously purchased and holds bonds in an amount of SEK 1.25 billion on balance.