Technology group Sdiptech has announced the results of the tender offer launched on March 23 to holders of its outstanding senior secured sustainability-linked bonds 2023/2027, according to a press release.
Upon expiration of the tender offer, the company had received valid tenders totaling SEK 307.5 million. The company has decided to increase the volume limit specified in the tender document from SEK 200 million to SEK 250 million and to accept SEK 250 million in validly submitted tenders. The repurchase offers have been accepted in accordance with the tender document based on a pro-rata scaling factor of 85 percent.
The repurchase price was set at 103 percent of the nominal amount. The company will also pay accrued but unpaid interest on the repurchased bonds. The settlement date for the tender offer is expected to be April 7.
Sdiptech AB (publ) is a Sweden-based engineering company and provider of technical services and products for urban infrastructures, such as hospitals, traffic systems, water supply systems, and data centers. The Company divides its activities into two segments: Tailored Installations and Niched Products & Services. In the Tailored Installations segment the Company offers cooling installation services, wastewater treatment, solutions for electric automation, uninterruptible power supply solutions, roof maintenance and services within elevator industry, among others. The Company's Niched Products & Services include electrical power monitoring solutions, vibration monitoring services and measurement systems, water and district heating monitoring, decontamination services, radio infrastructure and traffic enforcement cameras, among others. The Company is active primarily in Northern Europe, with focus on Nordic countries and the United Kingdom.
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