10 September 2020

Gernandt & Danielsson advises in Genova’s issue of corporate bonds and Genova’s tender offer and early redemption of outstanding bonds

Gernandt & Danielsson advises Genova Property Group AB (publ) in its issue of corporate bonds in a total amount of SEK 400 million within a framework amount of SEK 750 million. The net proceeds will be used to repurchase and redeem the Genova's outstanding bonds of series 2017/2021 and thereafter for general corporate purposes. In connection with the bond issue, Genova has repurchased outstanding bonds in a total nominal amount of SEK 106 million, and the company's early voluntary redemption of outstanding bonds in full is expected to be concluded in January 2021. The company intends to apply for admission of trading of the new bonds at the corporate bond list of Nasdaq Stockholm.

Genova is a personal property company that owns, manages and develops properties by adopting a long-term, sustainable and highly committed approach. Genova is focused on commercial, community service and residential properties in Greater Stockholm and the Uppsala Region.

Gernandt & Danielsson has advised the Company and its financial advisors Carnegie Investment Bank AB and Nordea Bank Abp with a team consisting of Partner Mikael Borg, Counsel Adrian Della Morte Pålstam, Senior Associate Rasmus Perdahl and Associate Camilla Hedner.