SSCP Lager BidCo Announces Conditional Voluntary Total Redemption of 2023/2026 Notes
News related to:SSCP Lager BidCo AB (publ) · 2 min read
SSCP Lager BidCo AB (publ) is set to redeem its outstanding senior secured floating rate notes 2023/2026 with ISIN SE0021021193 in a conditional voluntary total redemption. The redemption is scheduled for October 30, 2026, and will be executed at an amount equal to 100.78125 per cent. of the nominal amount per note, together with any accrued and unpaid interest. The company has announced that the redemption will be conditional upon the successful execution of a facilities agreement with certain lenders. The Issuer must be content that the conditions for the utilization of the facilities provided in the agreement will be satisfied no later than the redemption date. If the conditions are not met or waived by the Issuer by the end of business on October 23, 2026, the redemption will not proceed.
The redemption process involves delisting the notes from Nasdaq Stockholm’s corporate bond list. SSCP Lager BidCo AB (publ) will inform the market whether the conditions have been met or waived by the Record Date. The notice of the conditional voluntary total redemption is available on the company’s website, which can be accessed via the following link: logentgroup.com/en/investor-relations
The company has stated that the redemption is conditional upon the successful execution of a facilities agreement with certain lenders and the Issuer being content that the conditions for the utilization of the facilities provided in the agreement will be satisfied no later than the Redemption Date. The Issuer shall not, and has no obligation to, redeem any of the Notes unless the Condition has been fulfilled or waived by the Issuer on or prior to the Record Date. The Issuer will inform the market of the outcome of the Condition by way of a press release.
Logent Group, the parent company of SSCP Lager BidCo AB (publ), is a comprehensive and independent logistics partner with a Nordic base and global networks. Founded in 2006, the company has grown to a turnover of approximately SEK 3 billion and employs around 3,300 people. The company offers a wide range of services, including logistics services such as warehouse management, transport management, customs, port and combined terminals, staffing services, and consulting services.