Storskogen contemplates issuance of senior unsecured bonds and to tender and redeem its outstanding 2023/2027 bonds - Storskogen
Summary
Storskogen Group AB (publ) (Storskogen) has mandated banks to arrange investor meetings to explore the possibility of issuing SEK denominated senior unsecured bonds, and announces a conditional tender offer and a conditional notice of early redemption of outstanding bonds due in 2027.Storskogen has mandated Danske Bank, DNB Carnegie, Nordea, SEB and Swedbank to arrange a series of fixed income investor meetings starting on 22 May 2025, to explore the possibility of issuing senior unsecured bonds with a floating interest rate and a 4-year tenor (the New Bonds). The 2027 Bonds will be repurchased subject to the terms described in the tender information document dated 22 May 2025 which is available on the link below (the Tender Information Document).The Tender Offer expires at 12:00 CEST on 28 May 2025, unless extended, shortened, re-opened, withdrawn or terminated at the sole discretion of Storskogen. Storskogen will, in connection with the allocation of the New Bonds, consider, among other factors, whether or not the relevant investor seeking an allocation of the New Bonds has, prior to such allocation, validly participated in the Tender Offer, subject to the terms in the Tender Information Document.Additionally, Storskogen has today instructed the agent under the 2027 Bonds, Nordic Trustee & Agency AB (publ) (the Agent), to send a conditional notice of early redemption of the 2027 Bonds (the Notice). The Notice is available on the websites of Storskogen and the Agent.The Tender Information Document and the Notice are available on Storskogens website, via the following link: https://www.storskogen.com/investors/financing/Danske Bank, Nordea and Swedbank act as global coordinators in respect of the issuance of the New Bonds. In addition, Danske Bank, Nordea and Swedbank together with DNB Carnegie and SEB act as joint bookrunners in respect of the issuance of the New Bonds and as dealer managers for the Tender Offer.