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

Stillfront Group contemplates issuance of new senior unsecured bonds and announces a conditional tender offer of its outstanding 2019 /2024 bonds


Full announcement including disclaimers and offer restrictions available via Source: Stillfront Group

"Stillfront Group AB (publ), Reg. No. 556721-3078 (the “Issuer”) today announces its invitation to the holders (including any beneficial owners who hold their bonds via nominees or custodians) (the “Holders”) of its outstanding bonds outlined below (together, the “Bonds”) to tender any and all of their Bonds 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 DNB Markets, a part of DNB Bank ASA, Sweden Branch (“DNB”), Nordea Bank Abp (“Nordea”) 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 senior unsecured bonds under a framework of up to SEK 2,000,000,000 (the “New Bonds”), subject to market conditions. The Issuer has mandated DNB, Nordea and Swedbank as arrangers and joint bookrunners in respect of the issuance of the New Bonds.

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 Bonds, the Issuer offers to purchase the Bonds 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 Bonds on the Settlement Date (as defined below) in accordance with the terms and conditions of the Bonds (“Accrued Interest”)."


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