Stillfront announces that the conditions for the repurchase and the early redemption of outstanding bonds have been fulfilled
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On 7 September 2023, Stillfront Group AB (publ) (”Stillfront”) announced the results of the tender offer (the “Tender Offer”) to the holders of Stillfront’s existing senior unsecured floating rate bonds with ISIN SE0012728830 maturing on 26 June 2024 (the “Bonds”) and that it exercised its right to make a voluntary early redemption of the outstanding Bonds (the “Early Redemption”).
The Tender Offer and the Early Redemption were conditional upon Stillfront receiving the proceeds from the issue of its new bonds as announced by Stillfront through a press release on 7 September 2023 (the “New Bond Issue”). Today, Stillfront announces that it has received the proceeds from the New Bond Issue and the condition for the Tender Offer and the Early Redemption, respectively, has therefore been fulfilled. The settlement for the Tender Offer has consequently occurred today on 14 September 2023 and the settlement for the Early Redemption will hence occur on 3 October 2023 (the “Redemption Settlement Date”). The redemption price together with accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the Redemption Settlement Date, will be paid to each person who is registered as owner of Bonds as of the record date, being 26 September 2023, in the debt register maintained by Euroclear Sweden.
For further information regarding the Tender Offer and the Early Redemption, please refer to Stillfront’s press releases published 4 September 2023 and 7 September 2023.