Sveavalvet says holders may put SEK 400 million of floaters at 101

By Susanna Moon

Chicago, Oct. 2 – Sveavalvet AB said the put option was triggered under its SEK 400 million senior floating-rate notes.

The notes are putable at 101 plus accrued interest, because a change of control occurred when NP3 Fastigheter AB acquired 100% of the shares of the issuer, the company said in a notice to Nordic Trustee & Agency AB as agent.

The notes were issued on Dec. 9, 2016.

The put option must be exercised by Nov. 1, or within 20 business days after the change-of-control notice was issued.

Noteholders will be deemed to have received the notice by Oct. 4, the notice said.

Sveavalvet develops, owns and maintains real estate properties. The company is based in Sundsvall, Sweden.

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