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2016-10-17

D. Carnegie & Co: Comment in relation to Change of Control Event for senior unsecured notes issued by D. Carnegie & Co AB (publ)

As announced by D. Carnegie & Co AB (publ) ("D. Carnegie & Co" or the
"Company") on 14 October 2016, Vega Holdco Sarl ("Vega"), an entity
wholly owned by real estate funds advised by the Blackstone Group
L.P., completed the second acquisition of shares in the Company and
now controls, through agreement with Kvalitena AB and Frasdale Int.
BV, 53 per cent of the votes in the Company.

As a result thereof, the board of directors of the Company have
determined that a Change of Control Event has occurred under the
terms and conditions dated 17 April 2015 (the "2015 T&Cs") for the up
to SEK 1,000,000,000 senior unsecured floating rate notes due April
2018 (the "2018 Notes") and the terms and conditions dated 16 April
2016 (the "2016 T&Cs", and together with the 2015 T&Cs the "T&Cs")
for the up to SEK 1,000,000,000 senior unsecured floating rate notes
due April 2019 (the "2019 Notes" and together with the 2018 Notes,
the "Notes").

Due to the occurrence of a Change of Control Event, the holders of the
Notes (jointly, the "Noteholders"), have a right to request that
their Notes are repurchased at a price per Note equal to 101 per cent
of the nominal amount together with accrued but unpaid interest. If a
Noteholder wishes to exercise its right to request that its Notes
shall be repurchased, such Noteholder shall within 20 business days
from the date of the notice sent to Noteholders of the Change of
Control Event (being 17 November 2016) notify the Company in
accordance with the instruction set out in such notice. The Company
will repurchase the relevant Notes and pay the repurchase amount on
16 January 2017).

Stockholm on 17 October 2016
D. Carnegie & Co AB (publ)

For further information, please contact
Ulf Nilsson, CEO, D. Carnegie & Co, tel. +46 (0)8 - 121 317 25

This information is information that D. Carnegie & Co AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication at 6.00 p.m. CEST on 17
October 2016.

About D. Carnegie & Co

D. Carnegie & Co is a property company focusing on residential
properties in the Greater Stockholm region and other growth areas.
The company's business concept is to own property portfolios slated
for a gradual renovation of apartments in conjunction with the
natural turnover of tenants. This can take place quickly and
cost-efficiently thanks to extensive experience from the Bosystem
renovation method which, among other things, means that no evacuation
needs to take place. In addition to this, the company creates value
through the development of building rights in existing portfolios.
The market value of the company's properties amounted to SEK15,205
million on 30 June 2016. The total rental value amounted to SEK 1,349
million annually on 30 June 2016. The economic occupancy rate is high
- vacancies are virtually non-existent. D. Carnegie & Co is listed on
Nasdaq Stockholm.

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http://news.cision.com/d--carnegie---co/r/comment-in-relation-to-change-...
http://mb.cision.com/Main/8760/2102640/576066.pdf
http://mb.cision.com/Public/8760/2102640/9863e6dbf24134ac.pdf
http://mb.cision.com/Public/8760/2102640/a2e32fba9ee02c20.pdf

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