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Cibus Nordic Real Estate AB (publ) - Tender Offer 2024 (SE) - Results

Cibus Nordic Real Estate AB (publ) announces results from tender offers - SE0013360716 - SE0017071517 - SE0013360849
 

21 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Cibus Nordic Real Estate AB (publ)


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...The Company has received tender instructions in a total aggregate nominal amount equal to EUR 32.8m plus SEK 541.25m and intends to accept all tender instructions received.


Tender offer


Cibus intends to complete the Tender Offers. The price for the Notes in the Tender Offers and the allocation between the Notes amounts to:

(i) 100.00 per cent. of the nominal amount for the 2022/2024 EUR Notes in a total nominal amount of EUR 3,300,000;

(ii)103.50 per cent. of the nominal amount for the 2022/2025 SEK Notes in a total nominal amount of SEK 541,250,000; and

(iii)105.00 per cent. of the nominal amount for the 2022/2025 EUR Notes in a total nominal amount of EUR 29,500,000.


Cibus will also pay accrued and unpaid interest on the Notes on the settlement date in accordance with the relevant general terms and conditions of the Notes. The settlement date for the Tender Offers is expected to occur on 2 April 2024."


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Cibus Nordic Real Estate AB (publ) contemplates the issuance of senior unsecured green notes and launches a tender offer - SE0013360716 - SE0017071517 - SE0013360849
 

18 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Cibus Nordic Real Estate AB (publ)


"Cibus Nordic Real Estate AB (publ), reg.no. 559135-0599 (the “Issuer”) today announces its invitation to the holders of the EUR 2024 Notes, the SEK 2025 Notes and the EUR 2025 Notes (as further described under the heading “Purchase price” below (the “Notes”) (including any beneficial owners who hold their Notes via nominees or custodians) (the “Noteholders”) to tender any and all of their Notes for purchase by the Issuer for cash (the “Tender Offers” and each a “Tender Offer”) up to an aggregate nominal amount equal to the Transaction Cap (as defined below) and subject to the satisfaction of the New Financing Conditions (as defined below) being met. The Issuer has appointed Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”) and Swedbank AB (publ) (“Swedbank”) to act as dealer managers and tender agents (the “Dealer Managers”) in connection with the Tender Offers.


In conjunction with the Tender Offers, the Issuer intends to issue (i) new senior unsecured green floating rate notes denominated in SEK with an expected tenor of 3.5 years and/or (ii) new senior unsecured green floating rate notes denominated in EUR with an expected tenor of 4.0 years (the “New Notes”), subject to market conditions. The Issuer has mandated Danske Bank and Swedbank as joint arrangers and bookrunners in respect of the issuance of the New Notes. Noteholders who submit a valid tender instruction will be eligible to receive a priority in the allocation of the New Notes on the terms and conditions set forth below.


Each Tender Offer is made on the terms and conditions set out below.


Purchase price


Subject to the terms and conditions set out in this Tender Information Document and the applicable minimum denomination in respect of the Notes, the Issuer offers to purchase the EUR 2024 Notes, the SEK 2025 Notes and the EUR 2025 Notes at the respective purchase prices set out below (each such being the “Purchase Price”)



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"Purpose of the Tender Offers


The Tender Offers are being made as part of the Issuer’s commitments to exercise active management of its balance sheet and to pro-actively manage the Issuer’s upcoming debt redemptions and to extend its debt maturity profile."


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