Hannes Snellman Counsel to NP3 Fastigheter AB on SEK 600 Million Bond Issue
Hannes Snellman has advised NP3 Fastigheter AB, listed on Nasdaq Stockholm, on its issue of a SEK 600 million senior unsecured bond. The new bonds fall due in March 2023 and carries annual floating interest corresponding to STIBOR (3 months) plus 400 basis points. The new bonds will be listed on Nasdaq Stockholm, Corporate Bond List. In connection with the new bond issue, Hannes Snellman also advised NP3 Fastigheter AB on a repurchase of SEK 200 million of its existing bonds 2017/2021 through a tender offer and a redemption of the entire outstanding SEK 157 million of the subsidiary NP13 Förvaltning AB’s existing bonds 2016/2019. The proceeds from the new bond issue will be used for general corporate purposes and for the abovementioned bond repurchase and bond redemption.