Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB” or the ”Company”) has today initiated a so called “Written Procedure” under the Company’s subordinated perpetual floating rate notes of up to SEK 1,000,000,000 with ISIN SE0010414599 and symbol SAMN 001 (the “Notes”) in accordance with the terms and conditions dated 22 September 2017 (the “Terms and Conditions”).
Therefore, the Company has instructed Nordic Trustee & Agency AB (publ) (the ”Agent”) to initiate a Written Procedure in order to formally vote for (i) an amendment of the Terms and Conditions whereby a) the Company’s right to repurchase all notes at any time if a so called Equity Classification Event occurs, when the Company receives information from a rating agency that the Notes will be assigned equity credit from a rating perspective of less than 50 %, will be deleted and b) an increased margin upon the occurrence of a so called No Rating Event, when the Company does not receive a rating in respect of itself or the Notes within a certain period of time, will be deleted, and (ii) an amendment and restatement of the Terms and Conditions and other relevant finance documents required in order to reflect such amendment of the Terms and Conditions.
The Agent has today initiated the Written Procedure by issuing a summons, ”Notice of Written Procedure – Request to Amendment”. The summons has been sent to noteholders of the Notes, which are registered in the debt register (Sw. skuldbok) kept by Euroclear Sweden AB per 8 March 2018.
The summons to Written Procedure, including detailed information about the proceeding and the content of the conditions for the amendment of the Terms and Conditions is available on the Company’s website (www.sbbnorden.se) and Stamdata (www.stamdata.com).
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected]
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was originally submitted for publication in Swedish, through the agency of the contact person set out above on March 9, 2018, at 08.00 CET.