22 januari 2021 11:15
Offentliga Hus announces Change of Control under its outstanding bond loans
Reference is made to Offentliga Hus i Norden AB (publ)’s (the “Issuer” or “Offentliga Hus”) maximum SEK 1,000,000,000 senior unsecured floating rate green bonds 2020/2024 with ISIN SE0014965919 (the “Bonds 2020/2024”), maximum SEK 750,000,000 senior unsecured floating rate green bonds 2019/2023 with ISIN SE0013042611 (the “Bonds 2019/2023” and together with the Bonds 2020/2024 the “Bond Loans”) and the terms and conditions for the Bond Loans (the “Terms and Conditions”). Any capitalised term in the press release not otherwise defined herein shall have the same meaning ascribed to it in the Terms and Conditions.
As announced by the Issuer on 21 December 2020, an agreement was entered into regarding the sale of 138,917,953 shares corresponding to 54.3 per cent. of the total shares and votes in the Issuer to Samhällsbyggnadsbolaget i Norden AB (publ) (the “Sale”). The Sale was completed on 23 December 2020 and triggers a Change of Control in accordance with the Terms and Conditions. For more information, please see the press release relating to the Sale issued by the Issuer on 21 December 2020 under the following link:
In accordance with a notice sent today, 22 January 2021, to the Bondholders (the “Notice”) and a result of the Change of Control, each Bondholder may during the Exercise Period (as defined in the Notice) exercise its right to have all, or only some, of its Bonds repurchased by the Issuer at a price equal to 101.00 per cent. of the outstanding Nominal Amount together with accrued interest, pursuant to Clause 11.4 (Mandatory repurchase due to a Change of Control, a De-listing or Listing Failure (put option)) in the Terms and Conditions.
For more information regarding the Exercise Period, repurchase date and instructions about the actions that a Bondholder needs to take if it wants Bonds held by it to be repurchased in accordance with the Terms and Conditions, please see the Notice under the following link: