Catella has mandated DNB Bank, filial Sverige and Nordea Bank as joint bookrunners to arrange investor meetings to investigate the possibility of issuing new SEK-denominated senior unsecured bonds with an expected volume of SEK 500 mln (€43 mln).
The bonds would be issue under the company’s medium term notes (MTN) programme, with an expected tenor of 4.25-4.5 years. Subject to market conditions, a capital markets transaction may follow.
In connection with the issue of the new bonds, Catella is offering holders of the company’s outstanding senior unsecured floating rate bonds with a nominal amount of SEK 942.5 mln to tender existing bonds for cash purchase by the company. These are being priced at 100% of the nominal amount, plus accrued and unpaid interest.
The tender offer expires at 12:00 CET on 29 November. The company has also instructed CSC to send a conditional notice of early redemption in relation to the existing bonds.
Advokatfirman Cederquist has been appointed as legal counsel.
