Wästbygg Gruppen considers early redemption of outstanding secured bonds 2024/2027
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Fastigheter |
| Industri | Projektering |
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Wästbygg Gruppen AB (publ) ("Wästbygg Gruppen" or the "Company") announces today that the Company is considering calling for an early redemption of all outstanding senior secured green bonds 2024/2027 (the "Bonds") in accordance with the terms and conditions of the Bonds.
The Bonds were issued on 27 September 2024 in an amount of SEK 400,000,000 with a tenor of 3 years. As of the date of this press release, the outstanding nominal amount under the Bonds amounts to SEK 208 million. The Company is considering exercising its right to early redemption of the Bonds in accordance with the terms thereof during the period from the remainder of the first quarter of 2026 to the beginning of the second quarter of 2026.
The early redemption of the Bonds is, in such case, intended to be financed through the proceeds which the Company has received through disposals of the SPV companies. Any proceeds deriving from the rights issue previously announced by the Company, and which is proposed to be resolved upon at the extraordinary general meeting in the Company on 25 February 2026, will not be used for redemption of the Bonds.
An early redemption of the Bonds would mean that the Company achieves a reduced indebtedness and a strengthened balance sheet, as well as increased financial flexibility through the release of assets currently pledged as security for the Bonds.
For more information, please contact:
Patrik Mellgren, CEO
E-mail: [email protected]
Cell phone: +46 72 856 22 00
About Wästbygg Group:
Wästbygg Group is a listed construction and development company, specialized in properties within logistics, industry, residential, commercial and community service. We are an experienced and long-term partner – built on trust.
The group comprises Logistic Contractor AB, Wästbygg AB and Rekab Entreprenad AB. The operations are conducted in the most expansive markets in Sweden and within Logistic Contractor also in the neighbouring Nordic countries. In 2025, the group had sales of SEK 4.0 billion and 350 employees.