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Storskogen Group AB (publ) - Tender Offer 2024 - Results (SE)

Storskogen announces results from the partial tender offer - SE0017084650

30 MAY 2024


Full announcement including disclaimers and offer restrictions available via (Source: Storskogen Group AB (publ))

Scroll below for information on previous offers related to this Issuer.


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"Bonds in an aggregate amount of SEK 1.64 billion have been validly tendered by investors out of which SEK 1.25 billion valid tenders have been accepted by Storskogen. Valid tenders from investors who have subscribed for and been allocated bonds in Storskogen’s issue of new bonds in an amount of SEK 1.25 billion which was announced by the company on 29 May 2024 (the “New Bonds”) have been prioritised in acceptance by Storskogen (“Priority Tenders”). Valid tenders not being Priority Tenders have been accepted on a pro rata basis in accordance with the process described in the Tender Information Document with a proration factor of 50 percent.


Storskogen will complete the Tender Offer and the price for the Bonds in the Tender Offer amounts to 101.00 percent of the nominal amount. Storskogen will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date for the Tender Offer. Settlement for the Tender Offer is expected to occur in connection with the settlement date for the issue of the New Bonds on 7 June 2024."


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Storskogen contemplates issuance of senior unsecured bonds and announces a conditional partial tender offer of the outstanding 2021/2025 bonds - SE0017084650


27 MAY 2024


Full announcement including disclaimers and offer restrictions available via (Source: Storskogen Group AB (publ))

Scroll below for information on previous offers related to this Issuer.


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In conjunction with the contemplated new issue, Storskogen has today announced an invitation to holders of its SEK 3.0 billion bonds due 2025 with ISIN SE0017084650 (the “2025 Bonds”), to tender their 2025 Bonds for purchase by Storskogen for cash at a price of 101.00 per cent of the nominal amount plus accrued and unpaid interest subject to a transaction cap at an amount equal to the total nominal amount of New Bonds issued (as further described in the Tender Information Document (as defined below)) (the “Tender Offer”). The 2025 Bonds will be repurchased subject to the terms described in the tender information document dated 27 May 2024 which is available on the link below (the “Tender Information Document”)."

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"Storskogen Group AB (publ), reg. no. 559223-8694 (the “Issuer”) today announces its invitation to the holders (including any beneficial owners who hold their bonds via nominees or custodians) (the “Bondholders”) of its outstanding bonds outlined below (together, the “Bonds”) to tender their Bonds for purchase by the Issuer for cash (the “Tender Offer”) subject to the Transaction Cap (as defined below) and 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”), Swedbank AB (publ) (“Swedbank”), DNB Markets, a part of DNB Bank ASA, Sweden Branch (“DNB”) and Skandinaviska Enskilda Banken AB (publ) (“SEB”) 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 senior unsecured floating rate bonds in an estimated initial amount of SEK 1,000,000,000 (the “New Bonds”), subject to market conditions. The Issuer has mandated Danske Bank, Nordea and Swedbank as global coordinators (the “Global Coordinators”) and the Global Coordinators, DNB and SEB as 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”):



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Storskogen announces results from the tender offer and gives conditional notice of early redemption of bonds


15 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Cision (Source: Storskogen)


"Storskogen Group AB (publ) (“Storskogen”) announces the results of the tender offer (the “Tender Offer”) to the holders of Storskogen’s senior unsecured floating rate bonds with ISIN SE0015810460 maturing on 14 May 2024 and with an outstanding amount of SEK 3 billion (the “Bonds”). The Tender Offer expired at 12:00 CEST on 15 June 2023. Bonds in an aggregate amount of SEK 2,591,250,000 have been validly tendered and accepted by Storskogen.


Storskogen will complete the Tender Offer and the price for the Bonds in the Tender Offer amounts to 101.50 percent of the nominal amount. Storskogen will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date for the Tender Offer. Settlement for the Tender Offer is expected to occur on 22 June 2023.


Storskogen announces the intention to exercise its right to make a voluntary early redemption of the outstanding Bonds (the “Early Redemption”). The Early Redemption is conditional upon Storskogen receiving the proceeds from the issue of its new bonds, which is further described in a press release published on 14 June 2023.


The Bonds will be redeemed at a price equal to 101.50 percent of the nominal amount plus accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date of the Early Redemption, which is expected to occur on 12 July 2023.


The redemption amount will be paid to each person who is registered as owner of Bonds as of the record date, being 5 July 2023, in the debt register maintained by Euroclear Sweden. In connection with the Early Redemption, the Bonds will be delisted from Nasdaq Stockholm.


A notice of the Early Redemption is sent to directly registered owners of the Bonds in the debt register as of 14 June 2023.


Nordea, Danske Bank, Swedbank and Carnegie have acted as dealer managers in relation to the tender offer."


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Tender Information Document in respect of a tender offer for certain outstanding SEK bonds


08 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Storskogen


"Storskogen Group AB (publ), reg. no. 559223-8694 (the “Issuer”) today announces its invitation to the holders (including any beneficial owners who hold their bonds via nominees or custodians) (the “Bondholders”) 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 Nordea Bank Abp (“Nordea”), Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”), Swedbank AB (publ) (“Swedbank”) and Carnegie Investment Bank AB (publ) (“Carnegie”) 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 senior unsecured floating rate bonds in an initial amount of approximately SEK 1,500,000,000 (the “New Bonds”), subject to market conditions. The Issuer has mandated Nordea as global coordinator and Danske Bank, Swedbank and Carnegie as 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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"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. The purpose of the Tender Offer is to pro-actively manage the Issuer’s upcoming debt maturity profile well in advance of its final maturity date."



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