Uncategorized
Apr 7, 2021

Klarna Bank AB (publ) announces final tender offer results

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.

Stockholm, Sweden - April 7, 2021 Klarna Bank AB (publ) (“Klarna”) today announces the final results of its invitation dated 30 March 2021 to the holders of its outstanding bonds outlined below (the “Bonds”) to tender their Bonds for purchase by Klarna for cash (the “Tender Offer”).

Tender Offer

The Tender Offer was made on the terms and subject to the conditions set out in a tender information document dated 30 March 2021 (the “Tender Information Document”), available on the website of Klarna:

https://www.klarna.com/assets/2021/03/30064946/Tender-Information-Document_210329-1.pdf

At the expiration of the Tender Offer at 16:00 CET on 6 April 2021, valid tender instructions of SEK 516m in an aggregate nominal amount of Bonds were received pursuant to the Tender Offer. All valid tender instructions received has been accepted for purchase by Klarna. The Bonds repurchased will be cancelled by Klarna.

The purchase price payable per Bond is as set out below, in addition to which Klarna has paid and will pay, respectively an amount equal to any accrued and unpaid interest on the relevant Bonds (in accordance with the applicable terms and conditions of the Bonds).

Description of the Bonds: 2019/2021 Sr Unsec FRN

ISIN: SE0013359502

Amount tendered: SEK 516m

Outstanding Amount after tender: SEK 248m

Purchase Price: SEK 466m was tendered at the purchase price 100.126% on 30 March 2021 with settlement on 2 April 2021. SEK 50m was tendered at the purchase price 100.117% on 6 April 2021 with settlement on 8 April 2021.

Open Market Purchases

Klarna intends to, from time to time, carry out open market purchases of all and any Bonds which have not previously been repurchased by Klarna.

Further information about the Tender Offer may be obtained from the Dealer Managers.

 

Dealer Managers and Tender Agents:

Nordea Bank Abp: +45 6161 2996, NordeaLiabilityManagement@nordea.com

Skandinaviska Enskilda Banken AB (publ): +46 (0)8 506 230 61, BondSyndicate@seb.se

Swedbank AB (publ): +46 (0)8 700 90 22, Syndicate@swedbank.se

 

For further information, please contact Klarna at:

Aoife Houlihan, VP of Communications

Phone: +46 (0) 72855 8047

Email: aoife.houlihan@klarna.com / press@klarna.com

 

This information is information that Klarna Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on 7 April 2021.