Stendörren exercise its right to make a voluntary early redemption of the 2020 notes
Press release
17 September 2019
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In a press release on 11 September 2019, Stendörren announced its intention to exercise its right to make a voluntary early redemption of Stendörren’s outstanding senior unsecured floating rate notes maturing on 5 July 2020 with ISIN SE0010023564 and outstanding amount of SEK 710,000,000 (the ”Notes”) to the extent not being tendered in the tender offer (the result of such tender offer was announced in the press release described above), in accordance with the terms & conditions in respect of the Notes dated 30 June 2017 (the “Early Redemption”).
Stendörren have today formally exercised its right of Early Redemption and the Notes will be redeemed at a price equal to 102.00 per cent of the nominal amount plus accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the early redemption date which is expected to occur on October 11, 2019 (changing the previously communicated expected early redemption date which was October 7, 2019).
For further information, please contact: Mikael Nicander, CEO, +46 8-518 331 01 or mikael.nicander@stendorren.se Magnus Sundell, CFO, +46 8-518 331 02 or magnus.sundell@stendorren.se
Stendörren Fastigheter AB (publ)
Stendörren Fastigheter AB (publ) is a real estate company listed on Nasdaq Stockholm, Mid Cap, which owns, manages and develops propertied that make a difference. As such, we work closely together with our tenants to provide practical and appropriate premises on competitive lease terms, primarily in Greater Stockholm and Mälardalen.
For more information about Stendörren Fastigheter AB (publ), visit: www.stendorren.se.
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