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Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has successfully issued senior unsecured notes in the total amount of EUR 70 million under the Issuer's MTN programme (the "New Senior Unsecured Notes"). The New Senior Unsecured Notes have a tenor of 3 years and a floating interest rate of EURIBOR three months plus 700 bps and will mature on 1 December 2025. Cibus intends to apply for listing of the New Senior Unsecured Notes on the corporate bond list of Nasdaq Stockholm.
Cibus will announce the results of the tender offer (the "Tender Offer") to the holders of Cibus' outstanding senior unsecured floating rate notes 2020/2023 with ISIN SE0014479366 and outstanding amount of EUR 135 million (the "Notes"). The Tender Offer expires at 12:00 CET on 23 November 2022. The Company will issue a separate press release relating to the total nominal amount accepted in the Tender Offer. Cibus intends to complete the Tender Offer and the price for the Notes in the Tender Offer amounts to 101.00 per cent of the nominal amount. Cibus will also pay accrued and unpaid interest on the Notes on the settlement date in accordance with the terms and conditions of the Notes. The settlement date for the Tender Offer is expected to occur on or around 1 December 2022.
Nordea Bank Abp and OP Corporate Bank acted as bookrunners in respect of the issuance of the New Senior Unsecured Notes and as dealer managers for the Tender Offer. Roschier Advokatbyrå acted as legal advisor to the Company.
For further information, please contact:
Sverker Källgården, CEO, Cibus Nordic Real Estate AB (publ), tel: +46 761 444 888
Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate AB (publ), tel: +46 708 580 453
This press release contains information that Cibus Nordic Real Estate AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 16:00 CET on 22 November 2022.
Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns about 450 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop Sweden, S Group and Lidl.
Cibus Nordic Real Estate AB (publ) | Kungsgatan 56 | 111 22 Stockholm | Sweden Tel: +46 (0)761 444 888 |
Reg no. 559135-0599 | www.cibusnordic.com
On 22 November 2022 Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") announced that the results from the tender offer (the "Tender Offer") to the holders of Cibus' outstanding senior unsecured floating rate notes 2020/2023 with ISIN SE0014479366 and outstanding amount of EUR 135 million (the "Notes") would be announced separately. The Tender Offer expired at 12:00 CET on 23 November 2022 and was made subject to the terms and conditions described in the tender information document dated 21 November 2022 ("Tender Information Document"). The Company has received Priority Tenders (as defined in the Tender Information Document) in a total nominal amount of EUR 46.9 million. Cibus intends to accept all Priority Tenders received. Tender instructions which are not Priority Tenders will not be accepted.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has mandated Nordea Bank Abp and OP Corporate Bank plc as joint bookrunners to arrange fixed income investor meetings starting November 21, 2022. The purpose is to investigate the possibility to issue EUR denominated senior unsecured notes with a tenor of 3 years (the "New Senior Unsecured Notes") under Cibus' existing medium term note programme. A capital markets transaction will follow subject to market conditions.
July - September 2022 (compared with July - September 2021)
January - September 2022 (compared with January - September 2021)
"Although there are now new circumstances, these also give rise to new opportunities and, with hard work and great commitment, we shall continue to generate value for our shareholders."
- Sverker Källgården, CEO