top of page

Stendörren Fastigheter AB (publ) - Tender Offer 2024 (SE) - Launch

Stendörren Fastigheter AB (publ) contemplates issuance of subordinated perpetual green capital securities and announces a tender offer of the outstanding perpetual capital securities - SE0013042413

08 MAY 2024


Full announcement including disclaimers and offer restrictions available via Source: Stendorren Fastiheter AB (publ) 


Stendörren Fastigheter AB (publ), Reg. No. 556825-4741 (the “Issuer”) today announces its invitation to the holders (including any beneficial owners who hold their Capital Securities via nominees or custodians) (the “Holders”) of its outstanding subordinated perpetual floating rate callable capital securities, as outlined below under the heading “Purchase price” (the “Capital Securities”) to tender any and all of their Capital Securities for purchase by the Issuer (the “Tender Offer”) subject to the satisfaction of the New Financing Conditions (as defined below) being met. The Issuer has appointed Skandinaviska Enskilda Banken AB (publ) (“SEB”) and Swedbank AB (publ) (“Swedbank”) to act as dealer managers (the “Dealer Managers”) in connection with the Tender Offer.

In connection with the Tender Offer, the Issuer intends to issue new SEK denominated subordinated perpetual green floating rate callable capital securities of approximately SEK 300,000,000 (the “New Capital Securities”), subject to market conditions. The Issuer has mandated SEB and Swedbank as arrangers and joint bookrunners in respect of the issuance of the New Capital Securities.


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 (the “Tender Information Document”) and the applicable minimum denomination in respect of the Capital Securities, the Issuer offers to purchase the Capital Securities at the purchase price set out below (the “Purchase Price”):"



...


"Purpose of the Tender Offer


The purpose of the Tender Offer is to pro-actively manage the Issuer’s upcoming redemptions."


...


 

Stendorren Fastigheter AB (publ) contemplates issuance of green senior unsecured notes and announces a tender offer of the outstanding senior unsecured 2021/2024 notes


11 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Source: Stendorren Fastiheter AB (publ)


"Stendörren Fastigheter AB (publ), Reg. No. 556825-4741 (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 outlined below (together, the “Notes”) to tender any and all of their Notes for purchase by the Issuer for cash (the “Tender Offer”) 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”), Nordea Bank Abp (“Nordea”) and Swedbank AB (publ) (“Swedbank”) to act as dealer managers (the “Dealer Managers”) in connection with the Tender Offer.


Following the Tender Offer, the Issuer will issue new SEK denominated senior unsecured green notes under a framework of up to SEK 600,000,000 (the “New Notes”), subject to market conditions. The Issuer has mandated Danske Bank, Nordea and Swedbank as arrangers 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 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 Notes at the purchase price set out below (the “Purchase Price”):

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 purpose of the Tender Offer is to pro-actively manage the Issuer’s upcoming redemptions and to lengthen and diversify its debt maturity profile.


...

8 views0 comments

Comments


bottom of page