MEKO announces tender results for its outstanding bonds

MAR

Not for distribution in or into or to any person located or resident in the United States, its territories and possessions or to any U.S. person (as defined in Regulation S of the United States Securities Act of 1933, as amended) or in any jurisdiction where it is unlawful to release, publish or distribute this press release. The distribution of this press release in certain jurisdictions may be restricted by law.

MEKO AB announces the results from the tender offer for MEKO’s outstanding senior unsecured 2021/2026 bonds with ISIN SE0015660022, which MEKO announced on 2 June 2025.

The tender offer expired at 12.00 CEST on 5 June 2025 and was made subject to the terms and conditions described in the tender information document dated 2 June 2025. Existing bonds in an aggregate amount of SEK 731.25 million have been validly tendered by investors, out of which all valid tenders have been accepted by MEKO.

MEKO intends to complete the tender offer in accordance with the tender information document and the price for the existing bonds in the tender offer amounts to 100.50 percent of the nominal amount. MEKO will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement of the tender offer. The settlement of the tender offer is expected to occur on 18 June 2025, meaning the same date as the settlement for MEKO’s issue of new bonds of SEK 1,25 billion which was announced by MEKO on 4 June 2025.

MEKO also announced on 2 June 2025 that it intends to exercise its right to make a voluntary early redemption of the outstanding existing bonds, which were not repurchased through the tender offer, no later than 2 October 2025, following a successful issue of new bonds. In such early redemption, the existing bonds will be redeemed at a call option price of 100 percent of the nominal amount plus accrued and unpaid interest.

Danske Bank, Nordea and SEB acted as dealer managers for the Tender Offer. Snellman Advokatbyrå AB acted as legal advisor.

Datum 2025-06-05, kl 14:11
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