The written procedure initiated through a notice on 26 February 2024 (the “Written Procedure”) regarding certain amendments to the terms and conditions for Magnolia Bostad AB:s (the “Company” or “Magnolia Bostad”) outstanding bond loan 2020/2024 with ISIN SE0014956454 (the “Bonds”), has today been successfully completed.

The Written Procedure was initiated in order to receive the bondholders’ consent to implement, inter alia, an 8 month extension of the tenor of the Bonds, an increasing call premium trajectory, as well as certain other amendments, as set out in the notice of Written Procedure.

Quorum was reached and a requisite majority of the voting bondholders voted in favour of the Company’s request under the Written Procedure. The terms and conditions of the Bonds have been amended and restated effective from 15:00 CET today, 14 March 2024, to reflect the approval of the request (the “Amended and Restated Terms and Conditions”. The Amended and Restated Terms and Conditions will be available on the Company’s website.

The base fee set out in the notice of the Written Procedure will be paid to the bondholders on 26 March 2024. The record date for being eligible to receive the consent fee has been set to 19 March 2024.

Pareto Securities AB acted as financial advisor and Gernandt & Danielsson Advokatbyrå acted as legal advisor in relation to the Written Procedure.

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 2024-03-14 15:45 CET.

About Magnolia Bostad
Magnolia Bostad AB, CIN 556797–7078, is a leading urban developer that develops new residential properties primarily rental apartments but also tenant-owned apartments, community service properties and hotels, in attractive locations in Sweden's growth areas and major cities. Housing is being developed both for sale and for self-management. Our work is based on a holistic approach where the operations are conducted 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