Volati’s subsidiary Akademibokhandeln will offer to purchase its bonds which will simplify Volati’s capital structure
Akademibokhandeln, a subsidiary of Volati, has announced that it will offer to purchase its outstanding SEK 500 million bonds with ISIN SE0009690084 due 2021 in a tender offer. Akademibokhandeln has also announced that it is soliciting consent from holders of the bonds to amend certain terms and conditions of the bonds which would enable an early redemption in December of all remaining outstanding bonds. The purchase and early redemption of Akademibokhandeln’s bonds would simplify Volati’s capital structure to better support its strategic objectives.
In its financial report for the third quarter 2017, Volati announced its plan to investigate the prerequisites for issuing a senior unsecured bond of not less than SEK 750 million, with the aim of increasing the company’s financial flexibility and acquisition capacity. The proceeds from such a bond issue may be partly used towards repurchase and redemption of Akademibokhandeln’s bonds. Akademibokhandeln’s repurchase of its outstanding bonds is conditional upon a successful bond issue by Volati.
Subscribing for Volati bonds
A tendering bondholder that wishes to subscribe for bonds in Volati’s bond issue can request from Nordea and SEB, a priority allocation code to receive priority allocation. The further conditions for such priority allocation together with further information about the tender offer and the consent solicitation are set out in a Consent Solicitation and Tender Offer Memorandum dated 13 November 2017. To receive copies of the Consent Solicitation and Tender Offer Memorandum and for questions, please contact Nordea or SEB: Tel: +45 6161 2996 / e-mail: Nordealiabilitymanagement@nordea.com and tel: +46 850623061/ e-mail: firstname.lastname@example.org.
Mårten Andersson, CEO Volati AB, +46 72-735 42 84, email@example.com
Volati AB (publ)
Engelbrektsplan 1, 114 34 Stockholm, Sweden, Phone: +46 8-21 68 40
Volati is a Swedish industrial group formed in 2003, which comprises some 50 operating companies divided into 13 business units organised in four business areas: Trading, Consumer, Industry and Akademibokhandeln. Volati acquires mainly companies with proven business models, leading market positions and strong cashflow at reasonable valuations and develops these with an emphasis on long-term value creation. Volati’s strategy is to build on the identity and entrepreneurial spirit of the companies, adding, leadership, expertise, processes and financial resources. Volati has operations in 16 countries, with a total of about 1,700 employees and annual sales of approximately SEK 5.5bn. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.