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Castellum AB- Tender Offer 2024 (SE) - Update

Castellum AB announces expiration time of voluntary tender offer for certain outstanding SEK notes
 

06 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Castellum


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"Castellum now announces that the book building process for the New Notes has opened and that the

Expiration Date will be at or around 11:00 a.m. (CET) today, 8 March 2024, unless the Tender Offer is

extended, re-opened, withdrawn or terminated at the sole and absolute discretion of the Issuers. The

Settlement Date is expected to be 15 March 2024. The Tender Offer remains conditional upon the

consummation of the issue of the New Notes."


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Castellum AB announces a voluntary tender offer for certain outstanding SEK notes and contemplates to issue new SEK senior unsecured green bonds
 

06 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Castellum


Castellum AB (publ), Reg. No. 556475-5550 (“Castellum”) and its subsidiary Kungsleden AB (publ), Reg. No. 556545-1217 (“Kungsleden”) (each an “Issuer” and together the “Issuers”) today announce their joint invitation to the holders (including any beneficial owners who hold their notes via nominees or custodians) (the “Noteholders”) of their respective outstanding notes outlined in the two schedules below (together, the “Notes”) to tender their Notes for purchase by the respective Issuer (however, subject to the Transaction Cap (as defined below)) for cash (the “Tender Offer”) subject to the satisfaction of the New Financing Conditions (as defined below) being met. The Tender Offer is being made jointly by the Issuers as the Issuers form part of the same group, where Castellum is the parent company of the Group and Kungsleden is a subsidiary of Castellum. The Issuers have appointed Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”) and Nordea Bank Abp (“Nordea”)) to act as dealer managers and joint bookrunners (the “Dealer Managers”) in connection with the Tender Offer.

In connection with the Tender Offer, Castellum is contemplating to issue new SEK denominated senior unsecured notes (the “New Notes”), subject to market conditions. Castellum has mandated Danske Bank and Nordea as joint arrangers and bookrunners in respect of the issuance of the New Notes.


The Tender Offer is made on the terms and subject to the conditions set out below.


Purchase price


Subject to the terms and conditions set out in this tender information document (including the priority take out), the applicable minimum denomination in respect of the Notes, the respective Issuer offers to purchase the Notes at the purchase prices set out in the below schedules (the “Purchase Prices”).


Notes with acceptance priority 1 shall be referred to as “Priority 1 Notes” and Notes with acceptance priority 2 shall be referred to as “Priority 2 Notes”.



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"Purpose of the Tender Offer


The Tender Offer is being made as part of the respective Issuer’s commitment to exercise active management of its balance sheet. The purpose of the Tender Offer is to pro-actively manage the respective Issuer’s upcoming redemptions and to extend its debt maturity profile."


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