Bifogade filer
Magnolia Bostad AB (publ) announces results from the tender offer of its outstanding bonds
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Fastigheter |
| Industri | Projektering |
On 21 January 2025 Magnolia Bostad AB (publ) (the “Company” or “Magnolia Bostad”) announced a tender offer (the “Tender Offer”) to the holders of the Company’s existing senior unsecured floating rate bonds 2020/2025 with ISIN SE0014956454 and an outstanding nominal amount of SEK 275,964,480 (the “2020 Bonds”), senior unsecured floating rate bonds 2021/2025 with ISIN SE0015659636 and an outstanding nominal amount of SEK 725,000,000 (the “2021 Bonds”) and senior unsecured floating rate bonds 2022/2026 with ISIN SE0017565203 and an outstanding nominal amount of SEK 300,000,000 (the “2022 Bonds”, and together with the 2020 Bonds and the 2021 Bonds, the “Existing Bonds”). Pursuant to the Tender Offer, the Company offered to repurchase Existing Bonds for cash at a purchase price equal to 108.00 per cent. of the nominal amount for the 2020 Bonds, 100.00 per cent. of the nominal amount for the 2021 Bonds and 103.10 per cent. of the nominal amount for the 2022 Bonds, in each case plus accrued and unpaid interest. The Tender Offer expired at 15.00 CET today 24 January 2025.
2020 Bonds in an aggregate nominal amount of SEK 137,821,064, 2021 Bonds in an aggregate nominal amount of SEK 548,750,000 and 2022 Bonds in an aggregate nominal amount of SEK 216,250,000 have been validly tendered and accepted by the Company. The settlement date for the Tender Offer is expected to occur on 11 February 2025 in connection with the settlement date for the issuance of the Company’s new senior unsecured bonds in an amount of SEK 825,000,000 as announced by the Company by way of a press release on 23 January 2025 (the “New Bonds” or the “New Bond Issue”). Settlement of the Tender Offer is conditional upon issuance of the New Bonds.
In accordance with the Company’s press release on 23 January 2025, the Company will, subject to a successful settlement of the New Bond Issue, fully redeem early its outstanding Existing Bonds not being tendered in the Tender Offer.
Pareto Securities AB acted as Global Coordinator and Joint Bookrunner and Nordea Bank Abp acted as Joint Bookrunner for the New Bond Issue. The Joint Bookrunners acted as Dealer Managers in connection with the Tender Offer. Gernandt & Danielsson acted as legal advisor to the Company.