Sollentuna Stinsen JB AB updates regarding the redemption of its outstanding SEK 300,000,000 bond loan with ISIN: SE0010100966

Report this content

We refer to the outstanding SEK 300,000,000 senior secured floating rate bonds 2017/2020 with ISIN SE0010100966 (the "Bonds") issued by Sollentuna Stinsen JV AB (”Sollentuna Stinsen") and to the terms and conditions of the Bonds (the "Terms and Conditions").

Reference is further made to a call notice dated 11  September 2019, in which Sollentuna Stinsen informed the holder of the Bonds that it exercises its option to redeem all outstanding Bonds in full pursuant to Clause 9.3 (Voluntary Total Redemption) of the Terms and Conditions (the "Call Notice"), on 8 October 2019 (the "Redemption Date"). Sollentuna Stinsens obligation to redeem the Bonds on the Redemption Date was conditioned upon the Issuer issuing senior secured floating rate bonds on terms that are acceptable for the Company (the "New Bonds") and fulfilling the conditions precedent for disbursement of the net proceeds from the issue of the New Bonds (the "Financing Condition").

Sollentuna Stinsen hereby confirms that the Financing Condition is waived and undertakes to unconditionally redeem the outstanding Bonds on 8 October 2019 in accordance with the Call Notice.

For further information, please contact:
Thomas Persson, CEO Sollentuna Stinsen JV AB
+46 08 4705080,

This information is information that Sollentuna Stinsen JV AB 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 30 September 2019 CEST on 20.20 2019.

Sollentuna Stinsen JV AB (559085-9954) is a joint venture between Magnolia Projekt 36 AB and the pension company Alecta pensionsförsäkring, mutually, and was formed in 2016 to develop the property Sollentuna Stinsen 2.The company is located at Sturegatan 6, Stockholm.


Documents & Links