Stendörren Fastigheter AB (publ) announces the successful issuance of new 25/28 notes
Press release
20 May 2025
NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED IN OR RESIDENT OF THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, THE WAKE ISLANDS, THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS DOCUMENT IS PROHIBITED BY LAW. THE DISTRIBUTION OF THIS DOCUMENT MAY BE UNLAWFUL IN CERTAIN JURISDICTIONS (IN PARTICULAR THE UNITED STATES AND THE UNITED KINGDOM).
Stendörren Fastigheter AB (publ), (“Stendörren” or the “Issuer”) today announces that the Issuer has successfully issued new senior unsecured green notes with a maturity of approximately 3.3 years and a total nominal amount of SEK 500,000,000 (the “New Notes”). The interest rate for the New Notes is 3m STIBOR + 260 basis points.
Consequently, the New Financing Conditions, as defined in the separate tender offer dated 19 May 2025 (the “Tender Offer”), has been fulfilled. The Tender Offer, which expires at 12:00 CEST on 22 May 2025, has been made in accordance with the terms and conditions set out in a tender information document dated 19 May 2025 (the “Tender Information Document”), available on the website of the Issuer https://www.stendorren.se/en/investors/bonds/.
“The bond issue attracted strong demand from both existing and new investors, which resulted in a heavily oversubscribed book at an attractive interest margin of +260 basis points. The issue was carried out for the purpose of refinancing, through a tender offer, our outstanding bond maturing in 2026, with first call in December 2025. The interest margin on the new bond is just under half of the bond maturing in 2026. The bond issue, following completion of the tender offer and call of the 2026 bond, will save SEK 13,250,000 in annual interest cost” says Erik Ranje, CEO of Stendörren.
Information about the Tender Offer may be obtained from the Dealer Managers.
For more information, please contact:
The Issuer
Erik Ranje, CEO, [email protected] or telephone + 46 8 518 331 00
Per-Henrik Karlsson, CFO, [email protected] or telephone +46 72 158 70 92
Dealer Managers
Danske Bank A/S, Danmark, Sverige Filial: [email protected]
Swedbank AB (publ): +46 (0)8 700 90 22, [email protected]
Stendörren Fastigheter AB (publ)
Stendörren Fastigheter AB (publ) is an expansive property company in logistics, warehouse and light industrial in Nordic growth regions. The company is listed on Nasdaq Stockholm Mid Cap. The business concept is to create profitable growth in net asset value. This is achieved through value-creating acquisitions, capitalising on the positive rental growth that follows the urbanisation of metropolitan regions and by developing existing assets, including the company’s extensive and unique building rights portfolio.
For more information about Stendörren Fastigheter AB (publ), see: www.stendorren.se/en/