Kährs BondCo AB (publ) (the ”Company”) hereby refers to its senior secured sustainability linked floating rate bonds 2021/2026 with ISIN SE0017085285 (the ”Bonds”) and to the terms and conditions of the Bonds (the ”Terms and Conditions”).
Reference is further made to the Company’s press release on 24 October 2024 and the call notice dated 24 October 2024, in which the Company informed the holders of the Bonds that it was exercising its option to redeem all outstanding Bonds in full pursuant to Clause 12.3 (Early voluntary total redemption (call option)) of the Terms and Conditions (the ”Call Notice”) on 9 December 2024 (the ”Redemption Date”). The Company’s obligation to redeem the Bonds on the Redemption Date was conditional upon (i) the successful settlement of the Company’s new SEK 1,450,000,000 senior secured floating rate bonds (the ”New Bonds”) (including receipt of proceeds) and (ii) the satisfaction of the conditions precedent for the New Bonds, in each case before the Record Date (together, the ”Conditions”).
The Company hereby confirms that the Conditions are, or will be, fulfilled and that the Call Notice is no longer conditional. Hence, the Company will redeem the outstanding Bonds on the Redemption Date in accordance with the Call Notice.
For further information, please contact:
Johan Magnusson, President and CEO, Kährs
Phone: +46 70 540 13 96
Email: johan.magnusson@kahrs.com
Andreas Larsson, CFO, Kährs
Phone: +46 70 242 03 65
Email: andreas.larsson@kahrs.com
This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact persons set out above, at 16.00 CET on 18 November 2024.
About Kährs BondCo AB (publ)
Kährs BondCo AB (publ) is a leading manufacturer and distributor of flooring with the aim of providing customer experiences beyond expectations. Kährs innovations have shaped the industry throughout its history and the company is dedicated to offering flooring solutions for every room, environment and need. The company delivers sustainable and durable flooring solutions to approx. 70 countries, being a market leader in hardwood flooring in Sweden and Finland and having strong positions in other key markets, such as Norway, the UK, US, Germany, and Switzerland. The Group has approximately 1,100 employees and annual sales of SEK 2,9 billion (2023). www.kahrsgroup.com