PDF
Storskogen contemplates a bond issue and announces a conditional partial tender offer
Storskogen Group AB (publ) ("Storskogen") has mandated Danske Bank and SEB to arrange investor meetings to explore the possibility of issuing SEK denominated senior unsecured bonds under the MTN Programme announced by Storskogen today. Storskogen also announces a conditional partial tender offer for outstanding bonds due in 2027.
In connection with the establishment of a medium term note programme (the "MTN Programme"), Storskogen has mandated Danske Bank and SEB as dealers and joint bookrunners to arrange a series of fixed income investor meetings starting on 9 November 2026, to explore the possibility of issuing senior unsecured bonds with a floating interest rate and a tenor of 4.1 years under the MTN Programme (the "New Bonds"). A capital markets transaction with an expected volume of at least SEK 500 million is expected to follow, subject to market conditions. The proceeds from the New Bonds will be used to finance the partial tender offer for the 2027 Bonds (as defined below) and for general corporate purposes.
In conjunction with the contemplated new issue, Storskogen has today announced an invitation to holders of its outstanding SEK 1.25 billion bonds due 2027 with ISIN SE0022240974 (the "2027 Bonds") to tender their 2027 Bonds for purchase by Storskogen for cash at a price of 101.875 per cent of the nominal amount plus accrued and unpaid interest, subject to a transaction cap at an amount equal to the total nominal amount expected to be issued under the New Bonds (the "Tender Offer). The 2027 Bonds will be repurchased subject to the terms described in the tender information document dated 9 November 2026, which is available via the link below (the "Tender Information Document").
The Tender Offer expires at 12:00 CET on 12 November 2026, unless extended, shortened, re-opened, withdrawn or terminated at the discretion of Storskogen. Settlement of the Tender Offer is expected to occur on or around 18 November 2026. Storskogen's repurchase of the 2027 Bonds is conditional upon a successful issue of the New Bonds and subject to the terms in the Tender Information Document. Holders of the 2027 Bonds who accept the Tender Offer may receive priority in the allocation of the New Bonds, subject to the terms in the Tender Information Document.
The Tender Information Document is available on Storskogen's website via the following link: https://www.storskogen.com/investors/financing/
Danske Bank and SEB act as dealers and joint bookrunners in respect of the issuance of the New Bonds and as dealer managers for the Tender Offer. Gernandt & Danielsson acts as legal advisor in connection with the issuance of the New Bonds and the Tender Offer.