Klövern AB

Klövern to redeem its bond loan no 3, 2012/2017, prior to final maturity

Klövern AB (publ) ("Klövern") issued a bond loan with ISIN SE0004868453 on 19 October 2012 (the "Bond Loan"). Klövern hereby irrevocably gives notice that it will redeem outstanding bonds of SEK 430 million under the Bond Loan. 

On 26 October 2016, Klövern issued a new bond loan no 9, 2016/2020, in the total amount of SEK 1,500 million with settlement date on 2 November 2016. The proceeds from that new bond loan will mainly be used for general corporate purposes, including acquisitions and refinancing of the Bond Loan. Holders of bonds under the Bond Loan have been offered to participate in the refinancing of the Bond Loan in accordance with Clause 6.3.1 in the Terms and Conditions of the Bond Loan.

On 26 October 2016, Klövern has communicated its intention to make an early redemption of outstanding bonds under the Bond Loan. In accordance with the Terms and Conditions of the Bond Loan, Klövern has today sent notice of early redemption to holders of all outstanding bonds under the Bond Loan. Each bond will be redeemed at a redemption amount corresponding to 100.00 per cent. of the nominal amount together with accrued and unpaid interest (from, but excluding, the preceding interest payment date until, and including, the relevant early redemption date).

Payment will be made to each person who, in accordance with the Terms and Conditions of the Bond Loan, is registered as a "Holder" in the debt book on 24 November 2016. The early redemption date is set to 1 December 2016.

This notice of early redemption is irrevocable.

Klövern AB (publ)

For additional information:
Rutger Arnhult, CEO, [phone], [e-mail]
Lars Norrby, IR, [phone], [e-mail]

Klövern is a real estate company committed to working closely with customers to offer them efficient premises in Swedish growth regions. Klövern is listed on Nasdaq Stockholm. For further information, see www.klovern.se.

Klövern AB (publ), Bredgränd 4, 111 30 Stockholm. Phone: [phone]. E-mail: [e-mail].

161027 Klövern to redeem its bond loan no 3, 2012_2017... (pdf)

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Klövern AB (publ) via Globenewswire