Stillfront announces that the conditions for the repurchase and the early redemption of outstanding bonds have been fulfilled
March 27, 2024 at 04:59 am EDT
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On 18 March 2024, Stillfront Group AB (publ) (“Stillfront”) announced an offer to the holders of Stillfront’s existing senior unsecured floating rate bonds with ISIN SE0015961065 maturing on 19 May 2025 (the “Outstanding Bonds”) to tender any and all of their Outstanding Bonds for purchase by Stillfront for cash (the “Tender Offer”) and announced that it exercised its right to make a voluntary early redemption of the Outstanding Bonds (the “Early Redemption”). On 20 March 2024, Stillfront announced the results of the Tender Offer.
The Tender Offer and the Early Redemption were conditional upon Stillfront receiving the proceeds from the issue of its new bonds as announced by Stillfront through a press release on 18 March 2024 (the “New Bond Issue”). Today, Stillfront announces that it has received the proceeds from the New Bond Issue and the condition for the Tender Offer and the Early Redemption, respectively, has therefore been fulfilled. The settlement for the Tender Offer has consequently occurred today on 27 March 2024 and the settlement for the Early Redemption will hence occur on 15 April 2024 (the “Redemption Settlement Date”). In relation to the Early Redemption, the redemption price together with accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the Redemption Settlement Date, will be paid to each person who is registered as owner of Outstanding Bonds as of the record date, being 8 April 2024, in the debt register maintained by Euroclear Sweden.
For further information regarding the Tender Offer and the Early Redemption, please refer to Stillfront’s press releases published 18 March 2024 and 20 March 2024.
Stillfront Group AB (publ) is a Sweden-based independent creator, publisher and distributor of digital games. The Company operates through a number of near-autonomous subsidiaries, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, Simutronics in the United States, and Babil Games in United Arab Emirates and Jordan, among others. The Company's games portfolio includes Call of War, DragonRealms, ManagerZone Football, Lara Croft Relic Run, Supremacy 1914 and Unravel, among others. The games are distributed globally, however the main markets are Sweden, Germany, the United States, United Kingdom, Middle East and North Africa.
STILLFRONT GROUP AB 
