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NP3 FASTIGHETER AB (PUBL) - Tender Offer - Results

NP3 Fastigheter announces the results of a voluntary tender offer under outstanding senior unsecured bonds


04 APRIL 2023


Full announcement including disclaimers and offer restrictions available via np3fastigheter


"In connection with the Tender Offer, holders of Outstanding Bonds have accepted repurchase of Outstanding Bonds corresponding to a total nominal amount of SEK 697,500,000 (SEK 257,500,000 under Bonds 2020/2024 and SEK 440,000,000 under Bonds 2021/2024). NP3 hereby announces that the Company will complete the Tender Offer and accepts all tender instructions of the Bonds for purchase."


The price for Bonds 2020/2024 in the Tender Offer is 100.25 per cent of the nominal amount and for Bonds 2021/2024 the price in the Tender Offer is 100.00 per cent of the nominal amount. NP3 will also pay accrued and unpaid interest from, but exclusively, the preceding interest maturity date up to, and including, the settlement date of The Tender Offer.


Settlement of the Tender Offer is expected to be April 12, 2023. Settlement of the Tender Offer will be handled through secondary trading with Carnegie Investment Bank AB (publ) and Danske Bank A/S, Danmark, Sverige Filial. All holders participating in the buyback should immediately coordinate the booking of the trade with their local contact persons."

 

NP3 FASTIGHETER AB (PUBL) Tender Information Document in respect of a tender offer for certain outstanding SEK denominated senior unsecured floating rate notes and a potential new issue of SEK denominated senior unsecured green floating rate notes


29 MARCH 2023


Full announcement including disclaimers and offer restrictions available via np3fastigheter


"NP3 Fastigheter AB (publ), Reg. No. 556749-1963 (the “Issuer”) today announces its invitation to the holders (including any beneficial owners who hold their Notes via nominees or custodians) (the “Noteholders”) of its outstanding notes 2020/2024 with ISIN SE0014956686 (“Notes 2020/2024”) and its outstanding notes 2021/2024 with ISIN SE0015961115 (“Notes 2021/2024”) as outlined below (together, the “Notes”) to tender their Notes for purchase by the 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 Issuer has appointed each of Carnegie Investment Bank AB (publ) (“Carnegie”) and Danske Bank A/S, Danmark, Sverige Filial (“Danske”) to act as dealer managers (the “Dealer Managers” and each a “Deal Manager”) in connection with the Tender Offer.


Following the Tender Offer, the Issuer intends to issue new SEK denominated senior unsecured green floating rate notes with an expected tenor of three (3) years (the “New Notes”), subject to market conditions. The Issuer has mandated each of Carnegie and Danske as dealer managers and joint 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 applicable minimum denomination in respect of the Notes, the Issuer offers to purchase the Notes at the purchase price set out below (the “Purchase Price”)."


Description of the Notes / ISIN / Outstanding Amount / Minimum Denomination / Purchase Price 2020/2024 Sr Unsec FRN / SE0014956686 / SEK 700,000,000 / SEK 1,250,000 / 100.25% 2021/2024 Sr Unsec FRN / SE0015961115 / SEK 1,000,000,000 / SEK 1,250,000 / 100.00% The Issuer will also pay an amount equal to any accrued and unpaid interest on the Notes in accordance with the terms and conditions of the Notes (“Accrued Interest”).


Purpose of the Tender Offer


The Tender Offer is being made as part of the Issuer’s commitments to exercise active management of its balance sheet well ahead of the final maturity date for the Notes. "

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