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Stillfront Group AB (publ) - Tender Offer 2024 (SE) - Launch

Stillfront contemplates issuance of new senior unsecured bonds, announces conditional tender offer of its 2021/2025 bonds and gives conditional notice of early redemption -  SE0015961065

18 MARCH 2024

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

Stillfront Group AB (publ) (“Stillfront”) has mandated DNB Markets, a part of DNB Bank ASA, Sweden Branch, Nordea Bank Abp and Swedbank AB (publ) to arrange a series of credit investor meetings to explore the possibility of issuing floating rate senior unsecured bonds under a total framework of SEK 2,000,000,000, with an expected tenor of 4.5 years and an expected amount of SEK 1,000,000,000 (the “New Bonds”), subject to prevailing market conditions. The proceeds from the contemplated issue will be used to refinance the outstanding SEK 1,500,000,000 bonds issued under the 2021/2025 senior unsecured bond framework due 2025 with ISIN SE0015961065 (the “Existing Bonds”) and for general corporate purposes.

In conjunction with the potential issue of New Bonds, Stillfront is offering holders of the Existing Bonds to tender any and all of their Existing Bonds for purchase by Stillfront for cash (the “Tender Offer”) at the purchase price set out below, plus accrued and unpaid interest. The Existing Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 18 March 2024 (the “Tender Information Document”).

Description of the Bonds / ISIN / Outstanding Amount / Minimum Denomination / Purchase Price

2021/2025 Sr. Unsec. FRN / SE0015961065 / SEK 1,500,000,000 / SEK 1,250,000 / 100.9625%

The full terms and conditions of the Tender Offer can be found in the Tender Information Document, which is available in the following link:"


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