Logistea Properties AS - Logistea AB has successfully issued new SEK 600 million senior unsecured green bonds at STIBOR plus 275 bps

27 Nov 2024 17:25 CET

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Logistea AB (publ) ("Logistea" or the "Company") has successfully issued new
senior unsecured green bonds in an amount of SEK 600 million under a total
framework of SEK 1 billion (the "Green Bonds" and the “Green Bond Issue”). The
Green Bonds carries a floating rate of three-month STIBOR plus 275 basis points
with a tenor of 3.25 years. The net proceeds from the Green Bonds are intended
to be used in accordance with the principles set out in the Green Finance
Framework, including to refinance the Existing Bonds (as defined below).
Logistea will apply for admission to trading of the Green Bonds on the
sustainable bond list at Nasdaq Stockholm.

Logistea further announces that its indirect subsidiary, Logistea Properties AS,
contemplates giving notice of a conditional early redemption of its senior
secured bonds with ISIN NO0012955105 in the outstanding nominal amount of NOK
900 million (the “Existing Bonds”) in accordance with the terms and conditions
of the Existing Bonds, which will be conditional upon a successful issue of the
Green Bonds and certain other additional financing (the “Early Redemption”).

“We are very pleased to have successfully issued a new green bond on attractive
terms. The strong demand and positive reception in the market confirms
investors' confidence in Logistea and our sustainability and growth strategy.
The bond issue gives us room, together with additional bank financing, to redeem
the existing secured bond early, while lowering our average interest cost and
strengthening our profit from property management”, says Niklas Zuckerman, CEO
at Logistea.

DNB Markets, a part of DNB Bank ASA, Nordea Bank Abp, SpareBank 1 Markets AS and
Swedbank AB (publ) have acted as joint bookrunners in connection with the Green
Bond Issue. Advokatfirman Cederquist KB has acted as legal counsel in connection
with the Green Bond Issue.

For further information, please contact:
Niklas Zuckerman, CEO, Logistea AB (publ)
E-mail: Niklas.zuckerman@logistea.se

About Logistea AB (publ)
Logistea is a Swedish real estate company focusing on warehousing, logistic and
light industrial properties. The company’s shares are listed on Nasdaq Stockholm
with the short names LOGI A and LOGI B. For more information: www.logistea.se.

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