JSM Financial Group AB (publ) gives conditioned notice of redemption in full of its note loans 2013/2017 and 2015/2017 prior to final maturity
JSM Financial Group AB (publ) (the “Issuer”) hereby announces that it exercises its right to call for early redemption in full of all up to SEK 500,000,000 Senior Unsecured Fixed Rate Notes 2013/2017 with ISIN SE0005505807 (the “2013 Notes”) and all up to SEK 250,000,000 Senior Unsecured Fixed Rate Notes 2015/2017 with ISIN SE0007576715 (the “2015 Notes”) (together the “Note Loans”). The notice of early redemption is conditional as set out further below.
On 7 April 2017 the Issuer announced that it had placed new senior unsecured floating rate notes 2017/2020 with ISIN SE0009805500 (the “New Note Loan”) in a total nominal amount of SEK 650,000,000. The issuance of the New Note Loan is scheduled to occur on 19 April 2017.
The Issuer hereby conditionally gives notice that it will redeem the Note Loans in full in advance of their final maturity in accordance with Clause 9.3 (Voluntary Total Redemption) of each of the terms and conditions of the Note Loans.
The notice of early redemption is conditioned upon the successful issuance of the New Note Loan on 19 April 2017. The Issuer reserves its right to waive the conditionality of the notice in whole or in part. The Issuer will further by press release give notice once the condition is fulfilled or waived.
Subject to fulfilment of the condition, the date of redemption will be 27 April 2017 for the 2015 Notes and 12 May 2017 for the 2013 Notes. Each note under the Note Loans will be redeemed at a redemption amount equal to 100 per cent. of its nominal amount together with accrued but unpaid interest. Payment will be made to each person who, in accordance with the terms and conditions of each Note Loan, is registered as “Noteholder” on 20 April 2017 in respect of the 2015 Notes and 5 May 2017 in respect of the 2013 Notes.
For further information, please contact:
|The Issuer: Martin Jönsson, CEOTelephone: +46 (0)70 565 65 50E-mail: email@example.com||Financial adviser: Fredrik Edner, Head of Corporate Finance, Arctic Securities Sweden Telephone: +46 (0)73 392 79 75.E-mail: firstname.lastname@example.org|
This information is information that JSM Financial Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.30 CET on 13 April 2017.