Balder announces results of tender offer for outstanding EUR Notes
Fastighets AB Balder (publ) (“Balder”) today announced the results of its invitation to holders of its EUR 500,000,000 FRN due June 2023 (ISIN: XS2353018141) (the “Notes”) to tender their Notes for purchase by Balder for cash (the “Tender Offer”) subject to the terms and conditions described in the Tender Offer Memorandum dated 21 November 2022 (the "Tender Offer Memorandum").
At the time of expiration of the Tender Offer at 17:00 CET on 28 November 2022, Balder had received valid tenders of EUR 222 498 000 aggregate nominal amount pursuant to the Tender Offer.
A summary of the results of the Offer appears below:
| Description of the Notes | ISIN / Common Code | Aggregate principal amount of Notes accepted for purchase | Purchase Price |
| EUR 500,000,000 Callable Floating Rate Notes due June 2023 | XS2353018141 / 2353018141 | EUR 222 498 000 | 99.25 per cent. |
The Purchase Price for the Notes in the Tender Offer is set out above. Balder will also pay accrued but unpaid interest until, and including, the settlement date. The settlement date for the Tender Offer will occur on 5 December 2022.
BofA Securities Europe SA, Danske Bank and SEB has acted as Dealer Managers for the tender, and Kroll as Tender Agent.
Dealer Managers:
BofA Securities Europe SA: tel. +33 1 877 01057, DG.LM-EMEA@bofa.com
Danske Bank: tel. +45 33 64 88 51, liabilitymanagement@danskebank.dk
SEB: tel. +46 8 506 231 97, liabilitymanagementdcm@seb.se
For further information, please contact:
Erik Selin, CEO, tel. +46 (0)31-10 95 92
Ewa Wassberg, Head of Finance, tel. +46(0)31-351 83 99
Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom. The head office is located in Gothenburg. As of 30 September 2022, the property portfolio had a value of SEK 213.2 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.