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

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”).


"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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