Zengun Group AB (publ) announces that the new financing conditions for tender and early total redemption of its outstanding senior secured bonds have been satisfied

Zengun Group AB (publ) (“Zengun” or the “Issuer”) hereby confirms that the new financing conditions set out in the conditional notice of early voluntary total redemption issued by Zengun on 5 October 2020 (the “Notice”) to all holders of its up to SEK 600,000,000 senior secured floating rate bonds 2019/2022 with ISIN SE0012481414 (the “Bonds”) have been satisfied.

In the Notice, Zengun notified the holders of the Bonds that it would redeem all Bonds not tendered for purchase Issuer, subject to satisfaction of the New Financing Conditions (as defined in the Notice) on or prior to 21 October 2020.

Since the New Financing Conditions set out in the Notice have been satisfied, the redemption contemplated by the Notice will be effected.

The Issuer furthermore announces that the New Financing Conditions (as defined in the Tender Information Document referred to below) for the tender offer made by the Issuer on 5 October 2020 to holders of Bonds (the “Tender Offer”) for which the result was announced on 13 October 2020 via press release, have been satisfied.

Accordingly, the Tender Offer will be made in accordance with the terms set out in the tender information document dated 5 October 2020 (the “Tender Information Document”) available on the website of the Issuer: https://zengun.se/sv/prospectus/, together with the Issuer’s press release dated 13 October 2020.

All valid tender instructions received pursuant to the Tender Offer have been accepted for purchase by the Issuer. Bonds repurchased in the Tender Offer will be cancelled.

All Bonds not tendered for purchase will be redeemed on 29 October 2020 and the redemption amount will be paid to bondholders holding Bonds on the record date, being 22 October 2020.

The Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption and the expected last day of trading in the Bonds is 20 October 2020.
 

Information about the Tender Offer may be obtained from the Dealer Manager.

CONTACT INFORMATION

Dealer Manager for the Tender Offer:
Nordea Bank Abp: +45 5170 0214, NordeaLiabilityManagement@nordea.com

 
For more information, please contact the issuer:

Sture Nilsson, Managing Director and CEO +46 (0)70 580 04 15
sture.nilsson@zengun.se

This information is information that the Issuer is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish securities markets act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 15.00 CEST on 20 October 2020.
 

Zengun is one of the leading construction contractors in the Stockholm Region. The company carries out construction projects on behalf of well-known players in the real estate industry. The main focus is on commercial properties, but the portfolio also includes housing projects and projects in the public sector. Zengun is a complete supplier and partner, with customer-oriented working methods representing an important part of its business concept. The company has approximately 220 employees and annual revenue of just over SEK 2,6 billion. #zengunbuildingstockholm