Sollentuna Stinsen JV AB calls to redeem its outstanding SEK 300,000,000 bond loan with ISIN: SE0010100966
Sollentuna Stinsen JV AB ("Stinsen JV") hereby announces that Stinsen JV's SEK 300,000,000 senior secured floating rate bonds with ISIN SE0010100966 (the "Bonds"), will be redeemed in advance in accordance with Clause 9.3 (Voluntary total redemption) of the terms and conditions of the Bonds.
The redemption date will be 8 October 2019 and the redemption amount for each Bond shall be the Make Whole Amount (being 102.00 per cent. of the Outstanding Nominal Amount), plus accrued but unpaid interest. The redemption amount will be paid to the bondholders holding Bonds on the relevant record date (being 1 October 2019).
Stinsen JV's obligation to redeem the Bonds on the redemption date is conditional upon Stinsen JV, prior to the redemption date, 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 New Bonds, which are, mainly intended to be applied towards financing the redemption of the Bonds.
The Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption date and the last day of trade will occur on or about 1 October 2019.
For more information, please contact:
Thomas Persson, CEO, Sollentuna Stinsen JV AB
+46 8 470 50 80, email@example.com
This information is information that Sollentuna Stinsen JV AB is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out above, at 11 September CEST on 12.45 PM 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.