Slättö Value Add I AB (publ) announces tender offer regarding up to 100 million of its outstanding SEK bonds
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND 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 IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
Slättö Value Add I AB (publ) (the “Issuer” or “Slättö”) is offering holders of up to 100 million of the Issuer’s outstanding SEK bonds outlined below (the “Bonds”) to tender Bonds for purchase by the Issuer for cash (the “Tender Offer”) at the purchase price set out below, plus accrued and unpaid interest. The Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 25 February, 2022.
The Tender Offer, being a Dividend Repurchase Offer in accordance with and as defined in the terms and conditions for the Bonds (the "Terms and Conditions"), is being made to enable additional payments of dividends in accordance with paragraph (b)(ii)(B) of clause 12.2 (Restricted Payments) of the Terms and Conditions, as a result of Slättö entering into a phase where the underlying assets of the Value Add I fund are to be gradually divested in accordance with the business plan.
Description of the Bonds / ISIN / Issued Amount / Outstanding Amount / Minimum Denomination Amount / Purchase Price
2021/2025 Sr Unsec FRN / SE0015194147 / SEK 500m / SEK 500m / SEK 1,25m / 103.75 %
The tender information document can be found in the following link: https://media.slattovalueaddi.com/2022/02/SVAI-Tender-Information-Document-16xp93rgftr68.pdf
The Tender Offer expires at 12:00 CET on 30 March, 2022, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 5 April, 2022.
The Issuer has mandated Pareto Securities AB (“Pareto”) as dealer manager and tender agent for the Tender Offer.
Attachment: The tender information document.
Dealer Manager and Tender Agent:
Pareto Securities AB: email@example.com
For further information, please contact:
Linnéa Lindgren, Head of financing, Slättö Förvaltning AB, firstname.lastname@example.org
This information is information that Slättö Value Add I AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act (Sw. Lag (2007:528) om värdepappersmarknaden). The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CEST on 25 February 2022.
Slättö Value Add I AB is an alternative investment fund managed by Slättö Förvaltning AB. Slättö's main focus is on developing and managing housing, warehouses, industry and logistics properties.