Zengun Group AB (publ) announces the expiration time for the tender offer in respect of its outstanding bonds
On 17 January 2024, Zengun Group AB (publ) (“Zengun” or the “Company”) announced, in connection with the contemplated issuance of new SEK denominated senior secured sustainability-linked bonds (the “New Bonds”), an invitation to the holders of the Company’s outstanding senior secured bonds with maturity on 19 October 2024 and with ISIN SE0014991220 (the "Outstanding Bonds”) to participate in a tender offer as further described in the tender information document dated 17 January 2024 (the “Tender Information Document”) subject to the terms and conditions set forth in the Tender Information Document (the “Tender Offer”).
In accordance with the Tender Information Document, the Company hereby announces that the Tender Offer will expire today on 22 January 2024, upon book close of the book building process for the New Bonds, unless the Tender Offer is extended, re-opened, withdrawn or terminated at the sole discretion of the Company. The settlement of the Tender Offer is expected to occur on 5 February 2024. The Tender Offer remains conditional upon the consummation of the issuance of the New Bonds as further set forth in the Tender Information Document.
The Company has mandated Carnegie Investment Bank AB (publ) and Nordea Bank Abp to act as dealer managers in connection with the Tender Offer. Advokatfirman Vinge KB acts as legal advisor to the Company and Roschier Advokatbyrå AB acts as legal advisor to the dealer managers.
The Tender Information Document is available on Zenguns website, via the following link: https://zengun.se/sv/bond24/
For more information, please contact:
Mick Salonen, President and CEO, +46 (0) 70 569 66 73
Oskar Björklund, CFO, +46 (0) 79 072 84 57
This information is information that Zengun Group AB (publ) 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, on 22 January 2024 at 10.30 CET.
Driving projects drives Zengun. We operate in Stockholm and Mälardalen, in close collaboration with customers and always with the project and people in focus. We help property owners improve their property portfolios in each project by offering know-how and skills as a collaboration and sustainability partner throughout the entire lifespan of the project. We build commercial properties, with a mix of select public-sector properties and residential projects. We take the long term into consideration for our employees, customers and surroundings, and are constantly developing to make each project a reference project. In 2023, Zengun had sales of approximately SEK 2.8 billion and 150 employees. #zengunbyggerstaden