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TAR - Storskogen contemplates issuance of senior unsecured bonds and to tender and redeem its outstanding 2023/2027 bonds

Company: Storskogen Group B Date: 2025-05-22 Language: English Register to download

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## Storskogen contemplates issuance of senior unsecured bonds and to tender and redeem its outstanding 2023/2027 bonds

2025-05-22 Regulatory information

Storskogen Group AB (publ) ("Storskogen") has mandated banks to arrange investor meetings to explore the possibility of issuing SEK denominated senior unsecured bonds, and announces a conditional tender offer and a conditional notice of early redemption of outstanding bonds due in 2027.

Storskogen has mandated Danske Bank, DNB Carnegie, Nordea, SEB and Swedbank to arrange a series of fixed income investor meetings starting on 22 May 2025, to explore the possibility of issuing senior unsecured bonds with a floating interest rate and a 4-year tenor (the "**New Bonds**"). A capital markets transaction with an expected volume of SEK 1.25 billion within a framework of SEK 2.0 billion will follow, subject to market conditions. The proceeds from the New Bonds will be used to tender and/or redeem 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 Storskogen's existing SEK 2.0 billion bonds due 2027 with ISIN SE0020358026 (the "**2027 Bonds**") to tender any and all of their 2027 Bonds for purchase by Storskogen for cash at a price of 103.75 per cent of the nominal amount plus accrued and unpaid interest (the "**Tender Offer**"). The 2027 Bonds will be repurchased subject to the terms described in the tender information document dated 22 May 2025 which is available on the link below (the "**Tender Information Document**").

The Tender Offer expires at 12:00 CEST on 28 May 2025, unless extended, shortened, re-opened, withdrawn or terminated at the sole discretion of Storskogen. Settlement of the Tender Offer is expected to occur on or around 4 June 2025. 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. Storskogen will, in connection with the allocation of the New Bonds, consider, among other factors, whether or not the relevant investor seeking an allocation of the New Bonds has, prior to such allocation, validly participated in the Tender Offer, subject to the terms in the Tender Information Document.

Additionally, Storskogen has today instructed the agent under the 2027 Bonds, Nordic Trustee & Agency AB (publ) (the "**Agent**"), to send a conditional notice of early redemption of the 2027 Bonds (the "**Notice**"). In accordance with the Notice, Storskogen will, conditional upon a successful issue of the New Bonds, redeem all 2027 Bonds not repurchased pursuant to the Tender Offer, in accordance with the terms and conditions of the 2027 Bonds. The 2027 Bonds will be redeemed at a price of 103.4375 per cent of the nominal amount, plus all remaining interest payments, including accrued but unpaid interest, up until (but excluding) 22 June 2025. The redemption will occur on 19 June 2025 and the record date for the early redemption will be 12 June 2025. The Notice is available on the websites of Storskogen and the Agent.

The Tender Information Document and the Notice are available on Storskogen's website, via the following link: <https://www.storskogen.com/investors/financing/>

Danske Bank, Nordea and Swedbank act as global coordinators in respect of the issuance of the New Bonds. In addition, Danske Bank, Nordea and Swedbank together with DNB Carnegie and SEB act as joint bookrunners in respect of the issuance of the New Bonds and as dealer managers for the Tender Offer.

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## **For more information, please contact:**

Andreas Lindblom, Head of Investor Relations

+46 72 506 14 22 andreas.lindblom@storskogen.com

> This press release contains 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 22 May 2025 at 08:00 CEST.

## **ABOUT STORSKOGEN**

Storskogen is an international group of businesses across trade, industry and services. With a long-term ownership horizon, Storskogen acquires and develops leading small and medium-sized businesses in selected industries. The company has approximately 11,000 employees and generates net sales of SEK 34 billion. Storskogen is listed on Nasdaq Stockholm[. www.storskogen.com](http://www.storskogen.com/)

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