Castellum AB ("Castellum") announces its decision to exercise the right to redeem two bonds with a total outstanding volume of EUR 864 million. The bond redemptions are the final steps in Castellum’s process of adapting and aligning its bond documentation to fully facilitate the “Back to basics” strategy through an increased transaction pace to improve returns.
Castellum today announces its decision to exercise the issuer par call on the EUR 400,000,000 notes due 4 September 2026 and Castellum Helsinki Finance Holding Abp ("Castellum Helsinki") announces its decision to exercise the make-whole redemption option on the EUR 650,000,000 notes due 17 September 2029.
In respect of the EUR 400,000,000 (of which EUR 214,000,000 is outstanding) 0.750 per cent. notes due 4 September 2026 (ISIN: XS2049767598) issued by Castellum, the company will exercise its option to redeem all outstanding notes pursuant to Condition 7.4 (Redemption at the option of the Issuer (Issuer Par Call)) at the Final Redemption Amount specified in the applicable final terms, being EUR 1,000 per Calculation Amount of EUR 1,000, together with accrued but unpaid interest from (and including) 4 September 2025 to (but excluding) the Redemption Date (as defined below).
In respect of the EUR 650,000,000 (of which EUR 650,000,000 is outstanding) 0.875 per cent. notes due 17 September 2029 (ISIN: XS2387052744) issued by Castellum Helsinki, the company will exercise its option to redeem all outstanding notes pursuant to Condition 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) at the Optional Redemption Amount, being the Make-whole Amount (each as defined in the applicable terms and conditions), together with accrued but unpaid interest from (and including) 17 September 2025 to (but excluding) the Redemption Date.
The redemption will take place on 18 June 2026 (the “Redemption Date”) in accordance with the terms and conditions of the respective notes.
For more information, please contact:
Christoffer Strömbäck, CFO, Castellum Aktiebolag, +46 70 249 72 55
Fredrik Elliot, Head of Treasury, Castellum Aktiebolag, +46 8 503 052 74