Storskogen Group AB Plans New Bond Issuance and Redemption of 2027 Bonds

Storskogen Group AB Class B ( ($SE:STOR.B) ) just unveiled an update.

Storskogen Group AB is exploring the issuance of SEK-denominated senior unsecured bonds with a floating interest rate and a 4-year tenor, aiming to raise SEK 1.25 billion within a SEK 2.0 billion framework. The proceeds will be used for the tender and redemption of its existing 2027 bonds and general corporate purposes. The company has announced a tender offer for its existing 2027 bonds, offering to repurchase them at 103.75% of the nominal amount. The repurchase is conditional upon the successful issuance of the new bonds, which will also influence the early redemption of any remaining 2027 bonds not tendered.

The most recent analyst rating on ($SE:STOR.B) stock is a Buy with a SEK13.00 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

More about Storskogen Group AB Class B

Storskogen is an international group of businesses operating across trade, industry, and services. The company focuses on acquiring and developing leading small and medium-sized businesses in selected industries with a long-term ownership perspective. Storskogen employs approximately 11,000 people and generates net sales of SEK 34 billion. It is listed on Nasdaq Stockholm.

Average Trading Volume: 4,450,353

Current Market Cap: SEK18.66B

For detailed information about STOR.B stock, go to TipRanks’ Stock Analysis page.