Klövern notes that its parent company Corem has announced a
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Klövern AB (publ): s (“Klövern”) Parent company Corem Property Group AB (publ) (“Corem“) today mandated Nordea and Swedbank as joint bookkeepers to organize investor meetings to explore the possibility of issuing new senior unsecured green bonds in SEK (the”New obligations“). Subject to market conditions, a capital markets transaction will follow.
In connection with the issuance of the New Bonds, Corem offers holders of outstanding senior unsecured variable rate green bonds of Klövern due April 4, 2022 with ISIN SE0011063163 and an outstanding amount of SEK 2,350,000,000 (the “Obligations“) to contribute Bonds for a maximum amount corresponding to the proceeds of the New Bonds to be purchased by Corem for cash (the”Take-over bid») At a price of 100.20% of the nominal amount. The Bonds will be redeemed under the terms and conditions described in an information document on the call for tenders dated January 10, 2022 (the “Information document on the call for tenders“).
The information document on the call for tenders can be viewed via the following link:
The tender offer expires at 12:00 a.m. CET on January 13, 2022, unless it is extended, reopened, withdrawn or terminated at Corem’s sole discretion. Settlement of the tender offer should take place around January 20, 2022 and, if possible, on the same day as the settlement of the New Bonds. The buyback of the Bonds by Corem is conditional on the successful issue of the New Bonds. It is expected that the Bonds repurchased by Corem under the Tender Offer will be transferred to Klövern and subsequently canceled in accordance with the terms of the Bonds.
Bondholders accepting the Tender Offer will be eligible to receive priority in the allocation of the New Bonds, subject to the terms of the Tender Information Document.
Corem has mandated Nordea and Swedbank to act as dealer managers and joint bookrunners in the context of the New Bonds issue and the Takeover Offer. Gernandt & Danielsson Advokatbyrå KB and Walthon Advokater AB have been appointed as legal advisers.
Klövern AB (pub)
Klövern AB (editor). Telephone: +46 10 482 70 00. E-mail: [email protected]
This information is information that Klövern AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation. The information has been submitted for publication, via the above contact persons, on January 10, 2022 at 10:30 am CET.
This is a translation of the original Swedish press release. In the event of any discrepancies, the original Swedish wording will prevail.
220110 Klövern notes that its parent company Corem has announced a takeover bid for the outstanding SEK 2018_2022 bonds of Klövern