First Camp considers issuance of sustainability linked bonds and announces conditional tender offer and notice of early redemption for the outstanding 2019/2023 bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) (THE "SECURITIES ACT") OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW

First Camp Group AB (the “Issuer” or “First Camp”) has mandated ABG Sundal Collier AB (“ABG”), Nordea Bank Abp (“Nordea”) and Pareto Securities AS (“Pareto”) as joint bookrunners to arrange investor meetings to investigate the possibility to issue new SEK denominated senior secured sustainability linked bonds (the "New Bonds"), subject to market conditions.

In connection with the issue of the New Bonds, First Camp is offering holders of its outstanding senior secured floating rate bonds maturing on 5 June 2023 (ISIN: SE0013409570) with an outstanding amount of SEK 1,360,000,000 (the “Bonds”) to tender any and all of their Bonds at a price of 100.00 per cent of the nominal amount (the “Tender Offer”). The Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 21 November 2022 (“Tender Information Document”).

The Tender Information Document can be found via the following link: https://corporate.firstcamp.se/en/for-investors/bonds/

Holders of Bonds accepting the Tender Offer will be eligible to receive a priority in the allocation of the New Bonds up to the nominal amount validly tendered, subject to the terms set out in the Tender Information Document. The Tender Offer expires upon book close of the book building process for the New Bonds unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer (the "Expiration Date"). The issuer will announce the Expiration Date as soon as practicable after the book building process for the New Bonds has opened. Settlement of the Tender Offer is expected to occur approximately ten business days after the Expiration Date and to the extent possible on the same day as the settlement of the New Bonds. The Issuer’s repurchase of the Bonds is conditional upon a successful issue of the New Bonds.

The Issuer has mandated ABG, Nordea and Pareto to act as dealer managers and joint bookrunners in connection with the issue of New Bonds and the Tender Offer.

First Camp has also issued an irrevocable, conditional notice of redemption in relation to the Bonds, pursuant to which it will, conditional upon the Issuer’s receipt of funds in relation to the New Bonds, redeem any Bonds not purchased by First Camp in the Tender Offer at an amount of 100.00 per cent of the nominal amount (i.e. SEK 1,250,000 per Bond) (in accordance with clause 9.3 (Voluntary redemption (call option)) of the terms and conditions of the Bonds) with the early redemption date being 22 December 2022 and the record date being 15 December 2022. Pursuant to the terms and conditions of the Bonds, the early redemption notice will be sent to the holders of the Bonds by Nordic Trustee & Agency AB (publ) and published on the websites of First Camp and Nordic Trustee & Agency AB (publ).

In connection with the repurchase and/or redemption of the Bonds in full, the Bonds will be delisted from Nasdaq Stockholm and Frankfurt Stock Exchange.

Dealer Managers

ABG:  dcm-syndicate@abgsc.se
Nordea: +45 6136 0379, NordeaLiabilityManagement@nordea.com
Pareto: caroline.nytvedt@paretosec.com

First Camp
For further information, please contact:

Göran Meijer
CFO 
goran.meijer@firstcamp.se
+46 (0)707 18 05 75

This information is information that First Camp Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons above on 21 November 2022 at 08:00 CET.