Kojamo Oyj: Kojamo announces results of tender offers for its outstanding notes due 2024 and 2025

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Kojamo announces results of tender offers for its outstanding notes due 2024 and 2025

Kojamo plc (the Company) announces today the results of its invitation to holders of its outstanding EUR 500,000,000 1.500 per cent. notes due 2024 (XS1628004779) and EUR 500,000,000 1.625 per cent. notes due 2025 (XS1785356251) (together, the Notes) to tender their Notes for purchase by the Company for cash in an aggregate nominal amount of up to the Maximum Acceptance Amount (such amount being subject to the right of the Company to increase or decrease it in its sole discretion) (each, an Offer and together, the Offers). The Company announced the indicative results of the Offers earlier today.

The Offers were announced on 15 June 2023 and were made on terms and subject to the conditions contained in the tender offer memorandum dated 15 June 2023 (the Tender Offer Memorandum). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The Company announces that it will accept for purchase in cash an aggregate nominal amount of the Notes validly tendered pursuant to the Offers equal to EUR 150,000,000. The final results of the Offers are as follows:

Description ISIN Aggregate Series Scaling Interpolated Purchase Purchase Accrued
of the nominal Acceptance Factor Mid-Swap Yield Price Interest
Notes amount of Amount Rate Payment
Notes (per (per (per
tendered cent.) (per cent.) cent.) cent.) (per EUR
1,000)
EUR XS1628004779 EUR EUR Not 4.083 5.483 96.304 EUR 0.33
500,000,000 65,515,000 65,515,000 Applicable
1.500
per cent.
Notes due
2024
EUR XS1785356251 EUR EUR 64.7490 3.920 6.620 92.225 EUR 4.97
500,000,000 130,267,000 84,485,000
1.625
per cent.
Notes due
2025

The Settlement Date in respect of the Notes accepted for purchase pursuant to the Offers is expected to be 27 June 2023.

Following the Settlement Date, EUR 434,485,000 in aggregate nominal amount of the 2024 Notes will remain outstanding and EUR 415,515,000 in aggregate nominal amount of the 2025 Notes will remain outstanding.

The difference between the nominal amount of the Notes accepted to be purchased and the aggregate amount equal to their Purchase Price will be recorded as financial income and it is expected to have a positive impact on profit in an approximate amount of EUR 9 million.

For more information, please contact

Erik Hjelt, CFO, Kojamo plc, tel. +358 20 508 3225

Niina Saarto, Director, Treasury & Investor Relations, Kojamo plc, tel. +358 20 508 3283

Kojamo is Finland's largest private residential real estate company and one of the biggest investors in Finland. Our mission is to create better urban housing. Lumo offers environmentally friendly housing and services for the city dweller who appreciates quality and effortlessness. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo's shares are listed on the official list of Nasdaq Helsinki. For more information, please visit https://kojamo.fi/en/