Castellum
Castellum AB announces a voluntary tender offer for certain outstanding SEK notes and contemplates to issue new SEK senior unsecured green bonds
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) (THE "SECURITIES ACT") OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
Castellum AB (publ) (“Castellum") and its subsidiary Kungsleden AB (“Kungsleden”) (each an “Issuer” and together the “Issuers”) announce their joint invitation to the holders (the “Noteholders”) of their respective outstanding notes outlined in the schedule below (together, the “Notes”) to tender their Notes for purchase by the respective Issuer for cash plus accrued and unpaid interest (however, subject to the Transaction Cap (as defined in the Tender Information Document) as set out below) (the “Tender Offer”). The Notes will be repurchased subject to the terms described in the tender information document dated 6 March 2024 (the ”Tender Information Document”). The Tender Offer is being made jointly by the Issuers as the Issuers form part of the same group, where Castellum is the parent company of the Group and Kungsleden is a subsidiary of Castellum.
In connection with the Tender Offer, Castellum has mandated Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”) and Nordea Bank Abp (“Nordea”) to act as joint bookrunners to investigate the possibility to issue new senior unsecured green notes denominated in SEK (the "New Notes”). A capital market transaction may follow, subject to, among other things, prevailing market conditions.
| Acceptance Priority | Description of the Notes | ISIN | Issuer | Outstanding Amount | Minimum Denomination | Purchase Price | Transaction Cap |
| Priority 1 Priority 1 Priority 1 Priority 1 Priority 1 Priority 1 Priority 1 Priority 1 | Sr Unsec. due Feb 2025 Sr Unsec. due Feb 2025 Sr Unsec. due Mar 2025 Sr Unsec. due May 2025 Sr Unsec. due Aug 2025 Sr Unsec. due Aug 2025 Sr Unsec. due Sep 2025 Sr Unsec. due Nov 2025 | SE0013103876 SE0012676765 SE0013360138 SE0011230853 SE0013359734 SE0013359742 SE0013884335 SE0012675916 | Castellum AB Castellum AB Castellum AB Castellum AB Castellum AB Castellum AB Castellum AB Castellum AB | SEK 466,000,000 SEK 400,000,000 SEK 350,000,000 SEK 1,000,000,000 SEK 980,000,000 SEK 200,000,000 SEK 1,000,000,000 SEK 700,000,000 | SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 | 100.375% 97.100% 100.250% 101.000% 101.350% 96.550% 102.100% 95.650% | The aggregate sum of SEK 2,500,000,000 and the total nominal amount of New Notes issued |
| Priority 1 Priority 1 | Sr Unsec. due Jun 2025 Sr Unsec. due Aug 2025 | SE0012676856 SE0013359791 | Kungsleden AB Kungsleden AB | SEK 300,000,000 SEK 750,000,000 | SEK 2,000,000 SEK 2,000,000 | 101.450% 101.200% | |
| Priority 2 Priority 2 Priority 2 Priority 2 | Sr Unsec. due Sep 2024 Sr Unsec. due Sep 2024 Sr Unsec. due Sep 2024 Sr Unsec. due Oct 2024 | SE0012676203 SE0013882503 SE0010413948 SE0010440719 | Castellum AB Castellum AB Castellum AB Castellum AB | SEK 600,000,000 SEK 250,000,000 SEK 300,000,000 SEK 150,000,000 | SEK 2,000,000 SEK 2,000,000 SEK 1,000,000 SEK 1,000,000 | 98.500% 100.500% 98.875% 100.650% | The aggregate sum of SEK 2,500,000,000 and the total nominal amount of New Notes issued less the aggregate amount validly tendered and accepted for purchase of Priority 1 Notes |
| Priority 2 Priority 2 Priority 2 Priority 2 | Sr Unsec. due Aug 2024 Sr Unsec. due Sep 2024 Sr Unsec. due Dec 2024 Sr Unsec. due Dec 2024 | SE0012676468 SE0012676500 SE0013103801 SE0013103793 | Kungsleden AB Kungsleden AB Kungsleden AB Kungsleden AB | SEK 300,000,000 SEK 300,000,000 SEK 200,000,000 SEK 500,000,000 | SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 SEK 2,000,000 | 100.475% 100.375% 100.475% 97.850% |
Holders of the Notes who accept the Tender Offer may be eligible to receive a priority in the allocation of the New Notes, subject to the terms set out in the Tender Information Document. The Tender Offer is conditional upon the consummation of the issue of the New Notes. The Tender Offer expires upon book close of the book building process for the New Notes, unless extended, re-opened, withdrawn or terminated at the sole discretion of the respective Issuer. The respective Issuer will announce the expiration date for the Tender Offer in connection with the opening of the book building process for the New Notes.
The Tender Information Document is available via Castellum’s website on the following link: https://www.castellum.com/investors/financing/mtn-programmes/.
Castellum has mandated Danske Bank and Nordea to act as arrangers and joint bookrunners in respect of the issuance of the New Notes and as dealer managers for the Tender Offer.
For further information, please contact the Issuer:
Castellum AB:
Joacim Sjöberg, Chief Executive Officer, Castellum Aktiebolag, +46 (0)8 503 052 00
Jens Andersson, Chief Financial Officer, Castellum Aktiebolag, +46 (0)76-855 67 02
| Datum | 2024-03-06, kl 08:30 |
| Källa | MFN |
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