Stillfront launches bond refinancing plan with new SEK 1 billion issue and tender offer

Stillfront Group AB ( (SE:SF) ) has issued an update.

Stillfront Group AB plans to issue new floating-rate senior unsecured bonds under a SEK 2 billion framework, with an expected four-year tenor and an initial size of SEK 1 billion. The proceeds are intended primarily to refinance its outstanding SEK 1 billion 2023/2027 senior unsecured bonds and support general corporate purposes, signalling an active approach to optimizing its capital structure.

In connection with the new issue, Stillfront has launched a conditional cash tender offer for any and all of its existing 2023/2027 bonds at 101.3825% of nominal value plus accrued interest. The repurchase is contingent on a successful placement of the new bonds, and investors’ participation in the tender will be considered in allocation decisions, underlining the company’s focus on smooth liability management and investor relations.

The most recent analyst rating on (SE:SF) stock is a Hold with a SEK3.50 price target. To see the full list of analyst forecasts on Stillfront Group AB stock, see the SE:SF Stock Forecast page.

More about Stillfront Group AB

Stillfront Group AB is a Stockholm-based global games company that develops digital titles played by around 35 million people each month. Its portfolio ranges from established franchises such as BIG, Jawaker and Supremacy to smaller niche games, with key markets in the U.S., Japan, MENA, Germany and the U.K., and its shares are listed on Nasdaq Stockholm.

Average Trading Volume: 2,513,656

Technical Sentiment Signal: Sell

Current Market Cap: SEK1.85B

For a thorough assessment of SF stock, go to TipRanks’ Stock Analysis page.