Business
Coor contemplates issuance of new senior unsecured bonds
Coor contemplates issuance of new senior unsecured bonds, announces a conditional tender offer for its outstanding 2024/2027 bonds and gives conditional notice of early redemption of existing bonds. Coor Service Management Holding AB ("Coor") has mandated Danske Bank A/S, Danmark, Sverige Filial, DNB Carnegie Investment Bank AB (publ), and Skandinaviska Enskilda Banken AB (publ) as joint bookrunners to arrange a series of fixed income investor meetings starting on 4 March 2026 to explore the pos
About this update from Coor Service Management Holding Ab
[{"type":"text","content":"NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW.","length":407,"tagName":"p"},{"type":"text","content":"STOCKHOLM, March 4, 2026 /PRNewswire/ -- Coor contemplates issuance of new senior unsecured bonds, announces a conditional tender offer for its outstanding 2024/2027 bonds and gives conditional notice of early redemption of existing bonds. Coor Service Management Holding AB ("Coor") has mandated Danske Bank A/S, Danmark, Sverige Filial, DNB Carnegie Investment Bank AB (publ), and Skandinaviska Enskilda Banken AB (publ) as joint bookrunners to arrange a series of fixed income investor meetings starting on 4 March 2026 to explore the possibility of issuing new senior unsecured bonds in an expected amount of in aggregate SEK 750 million and with a tenor of five years (the "New Bonds"). A capital market transaction may follow, subject to among other things prevailing market conditions.","length":822,"tagName":"p"},{"type":"text","content":"The proceeds from the contemplated bond issue will be used to refinance Coor's outstanding senior unsecured 2024/2027 bonds, with ISIN SE0021512142 (the "Existing Bonds") with an outstanding volume of SEK 500 million and to finance general corporate purposes. Coor will, in connection with the allocation of the New Bonds, consider, among other factors, whether or not the relevant investor seeking an allocation of the New Bonds has participated in the Tender Offer (as defined below), subject to the terms set out in the Tender Information Document (as defined below).","length":589,"tagName":"p"},{"type":"text","content":"In conjunction with the contemplated issue of the New Bonds, Coor has today announced a conditional offer to the holders of the Existing Bonds, to tender their Existing Bonds for purchase by Coor for cash at a price of 100.475 per cent of the nominal amount plus accrued and unpaid interest (the "Tender Offer"). The Tender Offer is subject to the terms described in th...