BEWiSynbra announces tender offer regarding outstanding SEK bonds12-11-2019
BEWiSynbra announces tender offer regarding 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.
BEWiSynbra Group AB (publ) (“BEWiSynbra”) is offering holders of its outstanding SEK senior secured floating rate bonds maturing on 8 June 2020 with ISIN SE0009857980 and outstanding amount of SEK 550,000,000 (the “Bonds”) to tender up to SEK 550,000,000 for purchase by BEWiSynbra for cash (the “Tender Offer”) at the purchase price of 101.15% of the nominal amount. Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 12 November 2019 (the “Tender Information Document”).
BEWiSynbra has, as previously announced, mandated ABG Sundal Collier ASA (“ABG“) and Nordea Bank Abp (“Nordea“) as joint bookrunners to arrange investor meetings to investigate the possibility to issue new EUR senior secured floating rate bonds, subject to market conditions (the “New Bonds“).
BEWiSynbra’s repurchase of the Bonds is conditional upon, inter alia, a successful issue of New Bonds.
The Tender Information Document can be found in the following link: https://bewisynbra.com/en/investors/financing.
The Tender Offer expires at 12:00 CET on 15 November 2019, unless extended, re-opened, withdrawn or terminated at the sole discretion of BEWiSynbra. Settlement of the Tender Offer is expected to occur at or around 22 November 2019.
The terms and conditions of the Bonds will continue to be in effect for bondholders who do not participate in the Tender Offer, or whose Bonds are not accepted for repurchase by BEWiSynbra.
BEWiSynbra has appointed ABG and Nordea to act as joint bookrunners, dealer managers, and tender agents (respectively) in connection with the issue of New Bonds and the Tender Offer.
Dealer managers, joint bookrunners and tender agents:
Nordea Bank Abp
+46 720 83 55 05, firstname.lastname@example.org
ABG Sundal Collier ASA:
+47 22 01 60 00, ABGSCFixedIncomeSales@abgsc.no
For further information, please contact:
Director of IR and Communications,
BEWiSynbra Group AB (publ),
tel: +47 9756 1959
BEWiSynbra Group AB (publ),
tel: +46 70 661 0047
About BEWiSynbra Group AB (publ)
BEWiSynbra Group is one of the largest vertically integrated producers of expandable polystyrene (EPS) in Europe, focusing on sustainable solutions for packaging and technical components, as well as insulation. Sustainability and innovation are key drivers for the Group’s competitive advantage, and BEWiSynbra has an ambitious approach to its recycling initiatives.
The information is such that BEWiSynbra Group AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact persons set out above, at 16:45 CET on 12 November 2019.