Sagax launches tender offer for 2% notes due January 2024

Chicago, Jan. 11 – AB Sagax started a tender offer for its €500 million outstanding 2% notes due Jan. 17, 2024 (ISIN: XS1877540465), according to an announcement.

The company is offering 97.25 as a purchase price. Interest will also be paid to the settlement date.

The offer will be capped at €200 million as a total purchase consideration.

Noteholders have until the expiration deadline at 11 a.m. ET on Jan. 17 to tender their notes.

Results will be announced on Jan. 18, and the offer is expected to settle on Jan. 23.

Tenders may be prorated.

Sagax is conducting the tender offer to proactively manage its debt profile.

Deutsche Bank AG (+44 20 7545 8011) and Nordea Bank Abp (+45 6136 0379, NordeaLiabilityManagement@nordea.com) are the dealer managers.

Kroll Issuer Services Ltd. is the tender agent (+44 20 7704 0880, sagax@is.kroll.com, https://deals.is.kroll.com/sagax).

Sagax is a property company based in Stockholm.

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