Klovern announces cash tender offer for up to SEK 400 million floaters due 2021

By Rebecca Melvin

New York, April 28 – Klovern AB (publ) announced it is offering to redeem for cash plus accrued interest up to SEK 400 million of its senior secured floating-rate bonds due 2021.

The offer expires at 6 a.m. ET on May 4, with settlement expected to occur on May 6, according to a notice.

Danske Bank A/S, Danmark, Sverige Filial (46 0823-5623), Nordea Bank Abp and Swedbank AB (publ) are dealer managers of the tender.

There is SEK 850 million of the issue outstanding. The company plans to change part of the security under its medium-term note program following the repurchase.

Klovern is a real estate company based in Nykoping, Sweden.

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