Correction of date in today's press release regarding early redemption of outstanding corporate bonds
In the press release published by Nordisk Bergteknik earlier today regarding early redemption of outstanding corporate bonds and entering of facilities agreements with Nordea and Swedbank, a date was stated in the second paragraph regarding the date for the registered holder incorrectly to 24 September. The correct day is 15 October.
For further clarification, early redemption of the corporate bond is conditioned by, among other things, the receipt of bank financing, as stated in the notification sent to the bondholders as of 27 September.
Correct press release follows below.
Nordisk Bergteknik announces early redemption of outstanding corporate bonds and enters into facilities agreements with Nordea and Swedbank
Nordisk Bergteknik AB (publ) (”Nordisk Bergteknik” or the ”Company”) will, in accordance with the press release, dated 20 August 2021, redeem all outstanding corporate bonds of SEK 400 million, 2019/2023 with ISIN SE0012729234 in accordance with the terms and conditions of the bonds.
The redemption date is set for 22 October 2021. In accordance with the terms and conditions of the bonds, the bonds will be redeemed at an amount corresponding to 103.3 percent of the nominal amount (i.e. SEK 1,291,250 per bond). The redemption amount, together with the interest accrued but unpaid up to and including the redemption date, will be paid to each person who at close of business 15 October is registered as a holder of bonds in the register maintained by Euroclear Sweden. In connection with the redemption, the bonds will be delisted from the Nasdaq Stockholm Bond Market.
A notification of early redemption will be sent today by the Company to all directly registered holders and registered authorized managers of the bonds according to the debt register kept by Euroclear Sweden as of 27 September 2021.
Early redemption of the corporate bond is conditioned by, among other things, the receipt of bank financing, which is stated in the notification sent to the bondholders as of 27 September.
This notice is given for informational purposes only and should not be construed as an offer to buy or sell or as a request for an offer to buy or sell the Company’s securities.
Nordisk Bergteknik has entered into facilities agreements with Nordea and Swedbank regarding bank financing to reimburse the corporate bond of SEK 400 million. The financing is conditional of Nordisk Bergteknik listing the Company’s B shares on Nasdaq Stockholm and obtaining share issue proceeds of at least SEK 450 million. The facilities agreement also entails that the Company will have access to a revolving credit facility of SEK 650 million, which means that Nordisk Bergteknik can, among other things, continue with its expansive acquisition strategy.
Carnegie Investment Bank AB (publ) has been financial advisor in connection with the strategic review of the capital structure and Setterwalls has been legal advisor to Nordisk Bergteknik.
This disclosure contains information that Nordisk Bergteknik AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-09-2021 21:00 CET.
For further information, contact:
Andreas Christoffersson, CEO, e-mail: andreas.christoffersson@bergteknik.se, tel: +46 70-621 1928
Johan Lundqvist, CFO, e-mail: johan.lundqvist@bergteknik.se, tel: +46 76-392 7121
About Nordisk Bergteknik
Nordisk Bergteknik is a group in strong growth with operations in rock handling and foundation solutions, where main areas include drilling, excavation, rock reinforcement, piling, sheet piling and foundation reinforcement. The group’s subsidiaries are currently primarily active in Sweden and Norway.