Akademibokhandeln to repay SEK 25 million floating-rate bonds at 103

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Akademibokhandeln AKB AB (publ) will prepay SEK 25 million, or 5%, of its SEK 700 million senior secured callable floating-rate bonds on March 12 at a price of 103, according to a notice.

The record date will be March 5. As a result of the repayment, the nominal amount of each outstanding bond will be reduced on a pro rata basis.

The company said it continues to be interested in repurchasing the bonds in the market or any other way at a price not exceeding 106.8 plus accrued interest. The repurchase price will be reduced to 103 on March 10, 2019.

Akademibokhandeln, formerly Nordic Bookstore Group, is a Stockholm, Sweden-based bookstore chain with about 125 stores.

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