Castellum AB announces a voluntary tender offer for certain outstanding SEK notes and contemplates to issue new SEK senior unsecured green bonds
March 06, 2024 at 02:32 am EST
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Castellum AB (publ) (“Castellum") and its subsidiary Kungsleden AB (“Kungsleden”) (each an “Issuer” and together the “Issuers”) announce their joint invitation to the holders (the “Noteholders”) of their respective outstanding notes outlined in the schedule below (together, the “Notes”) to tender their Notes for purchase by the respective Issuer for cash plus accrued and unpaid interest (however, subject to the Transaction Cap (as defined in the Tender Information Document) as set out below) (the “Tender Offer”). The Notes will be repurchased subject to the terms described in the tender information document dated 6 March 2024 (the ”Tender Information Document”). The Tender Offer is being made jointly by the Issuers as the Issuers form part of the same group, where Castellum is the parent company of the Group and Kungsleden is a subsidiary of Castellum.
In connection with the Tender Offer, Castellum has mandated Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”) and Nordea Bank Abp (“Nordea”) to act as joint bookrunners to investigate the possibility to issue new senior unsecured green notes denominated in SEK (the "New Notes”). A capital market transaction may follow, subject to, among other things, prevailing market conditions.
Sr Unsec. due Feb 2025 Sr Unsec. due Feb 2025 Sr Unsec. due Mar 2025 Sr Unsec. due May 2025 Sr Unsec. due Aug 2025 Sr Unsec. due Aug 2025 Sr Unsec. due Sep 2025 Sr Unsec. due Nov 2025
The aggregate sum of SEK 2,500,000,000 and the total nominal amount of New Notes issued less the aggregate amount validly tendered and accepted for purchase of Priority 1 Notes
Priority 2 Priority 2 Priority 2 Priority 2
Sr Unsec. due Aug 2024 Sr Unsec. due Sep 2024 Sr Unsec. due Dec 2024 Sr Unsec. due Dec 2024
Holders of the Notes who accept the Tender Offer may be eligible to receive a priority in the allocation of the New Notes, subject to the terms set out in the Tender Information Document. The Tender Offer is conditional upon the consummation of the issue of the New Notes. The Tender Offer expires upon book close of the book building process for the New Notes, unless extended, re-opened, withdrawn or terminated at the sole discretion of the respective Issuer. The respective Issuer will announce the expiration date for the Tender Offer in connection with the opening of the book building process for the New Notes.
The Tender Information Document is available via Castellum’s website on the following link: https://www.castellum.com/investors/financing/mtn-programmes/.
Castellum has mandated Danske Bank and Nordea to act as arrangers and joint bookrunners in respect of the issuance of the New Notes and as dealer managers for the Tender Offer.
Castellum AB is a Sweden-based company active within the real estate sector. The Company is engaged in the acquisition, ownership, management and development of property on a long-term basis. The property portfolio of Castellum AB comprises commercial real estate, including offices, public sector properties, warehouses and logistics properties, retail properties and light industry properties, covering approximately 4.3 million square meters of total leasable area. The Company is also involved in the coworking and shared office space sector. Castellum AB operates in approximately 20 cities across Sweden, as well as in Copenhagen, Denmark and Helsinki, Finland.
CASTELLUM AB 
