Storskogen
Storskogen successfully issues bonds of SEK 1.25 billion to finance the partial tender offer
2024-05-29 Regulatory information
Storskogen Group AB (publ) (“Storskogen”) successfully issues senior unsecured bonds of SEK 1.25 billion to finance the partial tender offer regarding the company’s outstanding bonds of SEK 3 billion with maturity in December 2025, which Storskogen announced on 27 May 2024.
Storskogen has successfully issued senior unsecured bonds of SEK 1.25 billion under a framework of SEK 2 billion. The bonds will carry a floating interest rate of 3m Stibor + 375 basis points per annum and mature in December 2027.
The bond issue is expected to settle on 7 June 2024 and the proceeds from the bond issue will be used to finance the partial tender offer regarding the company’s outstanding bonds of SEK 3 billion with maturity in December 2025, which Storskogen announced on 27 May 2024.
“I am grateful for the continued investor support which has allowed us to be proactive in our debt management, ensuring a strong financial foundation and stability as we continue our focus on operational excellence", says Christer Hansson, interim CEO of Storskogen.
"This marks another step in our continuous efforts to optimise our balance sheet. Together with the refinanced credit facilities earlier this year, we continue to improve the maturity profile of our debt portfolio. This ensures that we have the flexibility to navigate upcoming market conditions in the best way, ultimately positioning Storskogen for long-term financial stability", says Lena Glader, CFO of Storskogen.
Storskogen intends to apply for admission to trading of the bonds on the corporate bond list of Nasdaq Stockholm.
Danske Bank, Nordea and Swedbank have acted as global coordinators and Danske Bank, Nordea, and Swedbank together with DNB Markets and SEB have acted as joint bookrunners in the transaction.
Gernandt & Danielsson acted as legal advisor.
For more information, please contact:
Andreas Lindblom, Head of Investor Relations
+46 72 506 14 22
andreas.lindblom@storskogen.com
For media inquiries, please contact:
Michael Metzler, Head of Communication
+46 73 305 59 55
michael.metzler@storskogen.com
This press release contains inside information that Storskogen Group AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the above contact person on 29 May 2024 at 18.45 CEST.
About Storskogen
Storskogen is an international group of businesses across trade, industry and services. As a long-term owner, we are positioned to identify, acquire, and develop market leaders with sustainable business models. Storskogen creates value by providing access to capital and strategic direction combined with active governance and a decentralised operational model. Storskogen has approximately 12,000 employees, net sales of SEK 35 billion (LTM) across a diversified group of businesses and is listed on Nasdaq Stockholm.
Datum | 2024-05-29, kl 18:45 |
Källa | Cision |
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