Press releases

Magnolia Bostad AB (publ) (the “Company” or “Magnolia Bostad”) announces that the written procedure initiated through a notice to the bondholders on 11 November 2024 (the “Written Procedure”) under its outstanding bond loan 2020/2024 with ISIN SE0014956454 (the “Bonds”) regarding certain amendments to the terms and conditions for the Bonds has today concluded.

Quorum was approximately 54 per cent. and out of the voting bondholders, approximately 91 per cent. voted in favour of the Request (as defined in the notice of Written Procedure). The bondholders have therefore consented to the proposed amendments to the terms and conditions for the Bonds as set out in the notice to the Written Procedure, including an extension of the final maturity date of the Bonds to 2 March 2025.

The amendments to the terms and conditions for the Bonds will become effective immediately. The notice of Written Procedure and the amended and restated terms and conditions are available on the Company’s website.

The consent fee set out in the notice of Written Procedure will be paid to the bondholders on 13 December 2024. The record date for being eligible to receive the consent fee has been set to 6 December 2024.

For questions relating to the proposals in the Written Procedure, please contact the Company.

For questions regarding the administration of the Written Procedure, documentation and voting procedure, please contact the Agent at [email protected] or on +46 8 783 79 00.

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For further information, please contact Magnolia Bostad:
Fredrik Westin, Deputy CEO & CFO
[email protected] , +46 72 720 00 06

This information is information that Magnolia Bostad AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-11-28 16:20 CET.

About Magnolia Bostad
Magnolia Bostad AB, CIN 556797-7078, develops new residential properties, rental apartments, tenant-owned apartments, and community service properties in attractive locations in Sweden's growth areas and major cities. Housing is developed both for sale and self-management. Our work is based on a holistic approach where the operations are carried out in a way that promotes long-term, sustainable urban development. The company's bonds are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se