Jefast conducts bond tap issue of SEK 225 million and issues conditional redemption notice

Höganäs, 18 April 2018

Jefast Holding AB (publ) (“Jefast” or the “Company”) has conducted a tap issue in the amount of SEK 225 million under its outstanding 3 month STIBOR + 5.45 per cent senior unsecured bond loan with ISIN SE0009696313 (the “2017/2021 Bonds”). The proceeds will be used for redeeming its outstanding 3 month STIBOR + 6.50 per cent senior secured bond loan with ISIN SE0007186085 (the “2015/2019 Bonds”) due 24 January 2019.

The tap issue was made at a price of 97 per cent of the nominal amount. After the tap issue, the total outstanding amount of the 2017/2021 Bonds will amount to SEK 425 million. The 2017/2021 Bonds are listed on Nasdaq Stockholm and the Company will apply for listing of the subsequent bonds on Nasdaq Stockholm. Settlement of the tap issue is set to 3 May 2018.

“We are very pleased with the interest we have seen from investors. The tap issue simplifies our financing structure going forward by having the total outstanding amount of bonds on an unsecured basis. We will now continue to build and develop Jefast further”, says Cassandra Jertshagen, CEO.

Jefast will today issue a conditional redemption notice to redeem the 2015/2019 Bonds in full, which is subject only to the settlement of the tap issue. The redemption of the 2015/2019 Bonds is scheduled to occur on 24 May 2018 (the "Redemption Date").

The 2015/2019 Bonds will be redeemed at an amount equal to 101.50 per cent of the nominal amount (as defined in the terms and conditions of the 2015/2019 Bonds), together with accrued but unpaid interest (the "Redemption Amount"). The Redemption Amount will be paid to bondholders holding the 2015/2019 Bonds at the record date, which occurs 17 May 2018. The 2015/2019 Bonds will be delisted from the corporate bond list of Nasdaq Stockholm on or about the Redemption Date.

Carnegie Investment Bank AB (publ) acted as Sole Bookrunner and Roschier Advokatbyrå AB acted as legal advisor in connection with the tap issue.

This information is information that Jefast Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out below, at 19:45 CET on 18 April 2018. 

For further information, please contact: 

Tel. +46 42 36 12 01                                

E-mail: cassandra@jefast.se