Samhällsbyggnadsbolaget i Norden AB enters as new issuer of SBB i Norden AB's outstanding notes with symbol SBBIN 002
SBB i Norden AB (publ) (the ”Company” or ”SBB i Norden”) initiated a written procedure in order to formally vote on (i) a change of issuer under the notes with symbol SBBIN 002 (the ”Notes”) in accordance with the terms and conditions, dated 29 March 2017 (the ”Terms and Conditions”), whereby Samhällsbyggnadsbolaget i Norden AB's (publ) ( the ”Parent”) replaces the Company as issuer under the Notes and assumes the Company's rights and obligations thereunder as well as under the other Finance Documents (as applicable) and (ii) amendment and restatement of the Terms and Conditions in order to execute and reflect such a change of issuer (the ”Issuer Change”). The written procedure was concluded on 23 January 2018 when noteholders with a sufficient number of votes gave their formal consent to the proposals presented in the summons to the written procedure.
The Issuer Change will not be effective until redemption or repayment is made in full of the Company's notes with symbol SBBIN 001 and the Parent replaces the Company as issuer under the Notes and the Terms and Conditions reflecting the Issuer Change. The final maturity date for the Company's notes with symbol SBBIN 001 was 23 June 2018 and repayment was made on 25 June 2018.
The Parent and the Company has entered into an amendment and restatement agreement to the Terms and Conditions in order to execute and reflect the Issuer Change with Nordic Trustee. Further, the Parent, in its capacity as new issuer, and Nordic Trustee, in its capacity as agent of the noteholders, entered into amended and restated terms and conditions dated 3 July 2018, which are available on the Company's website (www.sbbnorden.se).
The Company can announce that all conditions are satisfied in order to complete the Issuer Change. The registration of the Issuer Change with Euroclear will be initiated on 9 July 2018 and completed on 10 July 2018, when the Parent will be registered as issuer of the Notes in the system of Euroclear. The Notes will then continue to be listed on the corporate bond list of Nasdaq Stockholm under symbol SAMN 005.
För ytterligare information, vänligen kontakta:
Ilija Batljan, VD och grundare av Samhällsbyggnadsbolaget i Norden AB, 070 518 39 67, ilija@sbbnorden.se
About SBB i Norden AB (publ)
SBB i Norden’s notes are traded on the corporate bond list of Nasdaq Stockholm (symbol SBBIN 002). The Company is a wholly owned subsidiary of Samhällsbyggnadsbolaget i Norden AB (publ). SBB i Norden owns residential and community real estate in all of Sweden and community real estate in the Nordic countries. The Company’s business idea is to be a natural and reliable partner to the public sector in the Nordic countries by long-term perspective of owing, managing and developing community properties. The Company also aims to acquire, develop, construct and manage residential properties and by being a community service builder and long-term partner to municipalities, countries and state authorities work actively with the aim of creating residential building rights. More information about the Company is available at www.sbbnorden.se/sbb-norden-ab.