New bond programme gives Storskogen greater financing flexibility
Storskogen Group AB (publ) (“Storskogen”) has established a medium term note programme (the “MTN Programme”). The MTN Programme enables Storskogen to act swiftly and flexibly in the bond market, with amounts and maturities tailored to its financing needs. A programme with a single base prospectus covering multiple bond issues also simplifies the process and helps reduce issuance costs.
“Having been active in the bond market for several years, we are now taking the next step by establishing an MTN programme. The programme gives us greater flexibility to adapt our financing as our business evolves and supports continued long-term value creation,” says Lena Glader, CFO of Storskogen.
The MTN Programme has a framework of SEK 7 billion under which Storskogen may, but is not obliged to, issue bonds in the capital market denominated in Swedish kronor or euro with a minimum term of one year. Danske Bank is arranger of the MTN Programme and has been appointed as dealer together with DNB Carnegie, Nordea, SB1 Markets and SEB. In connection with the establishment of the MTN Programme, Storskogen has prepared a base prospectus, which has been approved by the Swedish Financial Supervisory Authority (Finansinspektionen). The base prospectus will be available on Storskogen’s website www.storskogen.com and on the Swedish Financial Supervisory Authority’s website www.fi.se.
Gernandt & Danielsson has acted as legal advisor in connection with the establishment of the MTN Programme.
For more information, please contact:
Andreas Lindblom, Head of Investor Relations
+46 72 506 14 22
[email protected]
For media inquiries, please contact:
Michael Metzler, Head of Communication
+46 73 305 59 55
[email protected]