PARETO ADVISES ADAPTA FASTIGHETER AB (PUBL) IN THE SUCCESSFUL PLACEMENT OF A SEK 325 MILLION SENIOR SECURED BOND

Pareto Securities has advised Adapta Fastigheter AB (“Adapta” or “the Company”) on their successful placement of a 3.5-year SEK 325 million senior secured bond. The proceeds from the transaction will be used to refinance debt and to finance part of the construction of Kongahälla Shopping Centre, currently one of the largest shopping mall projects in Sweden.

The bonds, maturing in May 2020, will bear a floating rate coupon of 3 months Stibor + 6.50%, with interest paid quarterly. The bonds are to be listed on Nasdaq First North within 30 days with subsequent listing on Nasdaq Stockholm within one year from the issue date.

The transaction was well received by the market and placed among predominantly Swedish investors coupled with strong demand from other Nordic and European investors. In aggregate, over 60 investors participated in the bond issue.

“The bond issue enables Adapta to expand its existing property portfolio through an efficient capital structure and financing solution well suited to the company’s ongoing project. The Company’s portfolio of modern retail and office properties is well positioned to capitalize on the growing population in the greater Gothenburg area and with the completion of Kongahälla Shopping, Adapta will be one of the leading retail property managers in Western Sweden” says Per Thörnqvist, CEO of Adapta Fastigheter AB.

Pareto Securities acted as sole bookrunner in connection with the bond issue.

For more information please contact Mats Carlsson, CEO, at +46 8 402 52 86

Adapta is a real estate manager focusing on owning and developing retail and office properties in the greater Gothenburg area with a vision to create attractive retail concepts in close collaboration with strong retailers. Adapta’s real estate portfolio comprises six retail and office properties with an aggregated lettable area of ~45,000m2 and a market value of SEK 1.1 billion. More information is available at www.adaptafast.se

Pareto Securities AB is part of the Pareto Securities group. Pareto Securities is an independent investment bank focused on the Nordic market. Pareto Securities offers Nordic and non-Nordic institutions, companies and private individuals investment services related to trading in stocks, derivatives and fixed income instruments, equity research and advisory services within corporate finance. The Pareto Securities group has a total of more than 400 employees, with its headquarters in Oslo and offices in Sweden (Stockholm and Malmö), Norway, Denmark, Finland, United Kingdom, France, USA, Canada, Singapore and Australia.