KMC Properties ASA, a real estate company focusing on industrial and logistic
properties, today announces that it will exercise the call option on its NOK
1,850 million senior secured bonds (NO0010908163), in line with previous
communication regarding refinancing of the loan. The bond loan was issued on 10
December 2020 with maturity 11 December 2023. The call option repayment date
will be 20 July 2023.
KMC Properties, as issuer, has informed Nordic Trustee AS, as bond trustee, that
the company will exercise the call option and redeem all outstanding bonds at a
price equal to 101 per cent of the nominal amount plus accrued and unpaid
interests on the redeemed bonds pursuant to the Bond Terms Clause 10.2 "Call
Option".
NOK 674 million of bonds, received as payment in kind from investors, who
received a rollover premium of 1.25 per cent in the NOK 900 million Senior
Secured Bond issued today, will be cancelled prior to the call option repayment
date. The new bonds, with ISIN NO NO0012955105 and NO0012955113, will mature in
2026.
On 30 June 2023, KMC Properties announced that the company had secured full
refinancing including a reduction of the company's overall interest margin.
Reference is made to the attached call option notice for further information
about the Call Option.
For further information, please contact:
Kristoffer Holmen, CFO, tel. +4792814862
Christian Linge, Investment manager, tel. +4746637846
About KMC Properties ASA
KMC Properties is an Oslo Børs listed real estate company focusing on
industrial- and logistic properties. The company has a diversified portfolio of
properties in the Nordics and the Netherlands. The properties are strategically
located and have long lease agreements with solid tenants.
KMC Properties has an ambitious strategy to grow the portfolio through further
development of existing properties, as well as M&A initiatives.
This information is published in accordance with the requirements of the
continuing obligations for bonds.