Northmill Group AB (publ) repurchases Bonds
Northmill Group AB (publ) (“Northmill Group” or “the Company”) today announces that it has repurchased bonds with a nominal value of SEK 57,500,000. The repurchase concerns the Company’s senior unsecured bonds with a nominal outstanding amount of SEK 500,000,000 (ISIN:SE0011614973).
The bonds have a floating rate corresponding to STIBOR 3m plus 8.0 percent and are due in September 2021. The average purchase price corresponds to 100.59 percent of the nominal value of the bonds.
The purpose of the repurchase is to improve Northmill Group’s net interest income. The repurchase has been made possible by the Company’s strong cash position. Following the purchase, the Company’s holding amounts to a nominal amount of SEK 57,500,000.
For further information, please contact:
Tobias Ritzén, CFO
+46 72-534 97 61
This information is information that Northmill Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.00 CET on March 13, 2020.