#Sweden #Stockholm #Tender Offer #Coor Service Management #Senior Unsecured Bonds

Coor's Bold Move: Issuance of New Senior Unsecured Bonds

Coor Service Management Holding AB, a leading provider in facility management services, has recently revealed its intentions to issue a new series of senior unsecured bonds, alongside announcing a conditional tender offer for its existing bonds maturing in 2024/2027. As the company seeks to strengthen its financial position, this strategic move signals a commitment to sustainability and growth in a challenging market.

Overview of the Bond Issuance

On March 4, 2026, Coor entrusted Danske Bank A/S, DNB Carnegie Investment Bank AB, and Skandinaviska Enskilda Banken AB as joint bookrunners to facilitate meetings with fixed-income investors. Coor plans to raise approximately SEK 750 million through the issuance of new bonds, expected to have a tenure of five years. This fresh capital will be directed primarily towards refinancing the company's outstanding bonds, along with fulfilling other corporate needs.

The existing bonds, bearing the ISIN SE0021512142, currently represent an outstanding volume of SEK 500 million. As such, the successful issuance of new bonds would not only support refinancing but also enable Coor to reduce its debt obligations effectively.

Conditional Tender Offer for Existing Bonds

In conjunction with the intended issuance, Coor announced a conditional tender offer for holders of its existing bonds, offering to repurchase them at a price of 100.475 percent of their nominal value, along with the accumulated unpaid interest. The tender offer is scheduled to conclude at noon CET on March 9, 2026, unless extended or modified by Coor. This initiative highlights Coor's focus on maintaining optimal liquidity within its investment portfolio.

Investors participating in the bond issuance process will be considered for the allocation of the new bonds based on their involvement in the tender offer. This consideration is detailed in the tender information document available on Coor's official website.

Early Redemption Rights

Should the new bond issuance be successful, Coor will also exercise its rights for voluntary early redemption of any outstanding existing bonds that are not acquired through the tender process. The early redemption will utilize the proceeds sourced from the new bonds, positioning Coor for a strengthened financial landscape moving forward.

The existing bonds will be redeemed at a call option price of 100.475 percent of their nominal value plus any accrued interest, thereby ensuring investors receive their entitled returns promptly. Notice of this early redemption will be disseminated to the bondholders registered in the debt register maintained by Euroclear Sweden.

Stakeholders and Future Projection

Coor serves a wide array of clients, from large corporations to public-sector organizations across the Nordic region. This includes well-known names such as ABB, IKEA, Volvo Cars, and many others. By fortifying its capital structure with the issuance of new bonds, Coor aims to enhance its competitiveness and ability to provide premier facility management services.

Founded in 1998 and publicly traded on Nasdaq Stockholm since 2015, Coor remains committed to creating healthier and more productive workplace environments. The current financial maneuvers reflect its responsible approach to corporate governance, ensuring accountability towards clients, employees, and shareholders alike.

For ongoing updates or further inquiries, stakeholders are encouraged to visit Coor's official website or contact the Investor Relations team directly. As Coor navigates through these strategic financial initiatives, it stands poised for continued growth and resilience in the dynamic market landscape.

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For additional information, visit Coor's website or contact:

• - Daniel Warnholtz, Acting CFO and IR Director, Coor

Phone: +46 733 775 003
Email: [email protected]

• - Magdalena Öhrn, Communications Director, Coor

Phone: +46 10 559 55 19
Email: [email protected]