Nackahusen Holding AB (publ) instigates written procedure and gives notice of change of control
To the holders of the senior secured callable floating rate bonds with ISIN SE0009548100 (the "Bonds") issued by Nackahusen Holding AB (publ) (the "Issuer").
The Issuer announced on 12 August 2020 that Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") and Genova Property Group AB (publ) jointly acquired the Issuer (the "Acquisition") through a joint venture company and that the Issuer intended to instigate a written procedure in order to offer holders to extend the maturity of the Bonds till 15 August 2022 and to release the Guarantee issued by Oscar Properties Holding AB (publ).
The Acquisition constitutes a Change of Control Event (as defined in the Terms and Conditions) and holders that do not wish to extend the maturity of the Bonds are offered to tender their Bonds for purchase by SBB for cash at a price of 101 per cent of the nominal amount, including accrued and unpaid interest up until the day of the repurchase, in accordance with the Terms and Conditions. Holders that wish to tender their Bonds shall contact the Issuer through the contact details below. Settlement for the Repurchase will take place on or around 10 September 2020.
The Issuer today announces that it instigates written procedure in order to, inter alia, extend the maturity of the Bonds and to release the Guarantee. Further, the Issuer requests that the holders, inter alia, approve all necessary adjustments to the Terms and Conditions in order to reflect the Acquisition and waive the non-compliance of the special undertaking in Section 12.1 (Distributions) of the Terms and Conditions that occurred in connection with the settlement of the Acquisition.
For further information about the full proposal holders are referred to the Notice of Written Procedure and Change of Control Event distributed to the holders today and published on the Issuer's website.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB (publ)
Mail: [email protected]
Få löpande information från Nackahusen via e-post.