Brief: Stillfront Successfully Issues New Bonds Of SEK 1 Bln, Announces Results From Tender Offer

Stillfront AB (publ)

20/03/2024 16:01

March 20 (Reuters) - Stillfront Group AB (publ)  SFRG.ST :
    * SUCCESSFULLY ISSUES NEW BONDS OF SEK 1 BILLION AND ANNOUNCES RESULTS FROM THE TENDER OFFER
    * STILLFRONT GROUP AB (PUBL) - HAS SUCCESSFULLY ISSUED SENIOR UNSECURED BONDS IN AN AMOUNT
OF SEK
1,000,000,000
    * BONDS MATURING 2025: OUTSTANDING BONDS IN AN AGGREGATE AMOUNT OF SEK 952,500,000 HAVE BEEN
VALIDLY TENDERED AND ACCEPTED BY STILLFRONT
    * NEW BONDS WERE ISSUED UNDER A TOTAL FRAMEWORK OF SEK 2,000,000,000, CARRIES A FLOATING
INTEREST
RATE OF 3M STIBOR + 365 BASIS POINTS
    * NEW BONDS WILL MATURE ON 27 SEPTEMBER 2028
    * PROCEEDS FROM CONTEMPLATED ISSUE WILL BE USED TO REFINANCE OUTSTANDING BONDS, AS WELL AS
TO
FINANCE GENERAL CORPORATE PURPOSES

Source text for Eikon:  ID:nMFN9ndYH5 
Further company coverage:  SFRG.ST 

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