Sweden’s Epiroc announces tender results for two notes

Chicago, Sept. 8 – Epiroc AB announced the tender results for two notes in an announcement about an offering of new green notes.

The company was offering to buy from the:

• SEK 750 million outstanding 2023 senior floating-rate notes (ISIN: XS1918042364) at a fixed purchase spread of Stibor plus 40 basis points (100.794); and

• SEK 1.25 billion outstanding 2023 senior fixed-rate notes (ISIN: XS1918042877) at a fixed purchase spread of interpolated mid-market of the one- and two-year SEK swap rates plus 40 bps (98.041).

As of the deadline, which expired on Sept. 7 when the notes priced, the company received tenders for and will accept SEK 76 million of the floating-rate notes and SEK 790 million of the fixed-rate notes.

After the buyback, there will be SEK 674 million of the floating-rate notes remaining and SEK 460 million of the fixed-rate notes still outstanding.

Pricing took place at 10:45 a.m. ET on Sept. 7.

Settlement is expected for Sept. 14.

Nordea Abp (+45 6136 0379, NordeaLiabilityManagement@nordea.com) and SEB (sebliabilitymanagement@seb.se) are the dealer managers for the tender offer.

Based in Stockholm, Epiroc is a manufacturer of mining and infrastructure equipment.

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