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Tender Information Document in respect of a tender offer for certain outstanding SEK denominated senior unsecured floating rate notes
THIS DOCUMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014. 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.
Klarna Bank AB (publ) (the "Issuer" or "Klarna Bank") is offering holders of the Issuer's outstanding floating rate senior unsecured bonds outlined below (the "Notes"), to tender their Notes for purchase by the Issuer for cash ("Tender Offer") up to a maximum nominal amount equal to SEK 1,000,000,000 at purchase prices as determined at the Pricing Time (as defined below) with reference to fixed purchase spreads set out below. The Notes will be repurchased subject to the terms and conditions described in the tender information document dated 24 October 2022 ("Tender Information Document").
The full terms and conditions of the Tender Offer can be found in the Tender Information Document via the following link:
Description of the Notes / ISIN / Outstanding Amount / Minimum Denomination / Fixed Purchase Spread
SEK 1,000,000,000 FRN due June 2023 / SE0013102399 / SEK 1,000,000,000 / SEK 2,000,000 / DM +305 bps
SEK 700,000,000 FRN due September 2023 / SE0013104726 / SEK 700,000,000 / SEK 2,000,000 / DM +330 bps
SEK 1,200,000,000 FRN due February 2024 / SE0013360062 / SEK 1,200,000,000 / SEK 2,000,000 / DM +385 bps
SEK 300,000,000 FRN due March 2025 / SE0013360450 / SEK 300,000,000 / SEK 2,000,000 / DM +425 bps
The Issuer will also pay an amount equal to any accrued and unpaid interest on the Notes in accordance with the terms and conditions of the Notes.
The Tender Offer expires at 12:00 CEST on 27 October 2022 (the “Expiration Date”), unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. The pricing of the tender offer will take place on the Expiration Date at or around 14:00 CEST (the “Pricing Time”). Settlement of the Tender Offer is expected to occur on 1 November 2022.
Klarna Bank has mandated Nordea Bank Abp to act as Dealer Manager for the Tender Offer.
Dealer Manager:
Nordea Bank Abp: +45 61 36 03 79, nordealiabilitymanagement@nordea.com
Klarna Bank:
Candice Macdonald
Communications Director
Candice.macdonald@klarna.com/press@klarna.com
+44 7971 797208
This disclosure contains information that Klarna Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 24-10-2022 09:07 CET.