30 October 2018

Gernandt & Danielsson advises in Fastator’s early voluntary redemption of its outstanding bond loan and in Fastator’s issue of new corporate bonds

Gernandt & Danielsson advises Aktiebolaget Fastator (publ) in Fastator’s early voluntary total redemption of Fastator’s senior secured callable floating rate bonds due in 2019 and in Fastator’s issue of new corporate bonds at an initial total amount of SEK 350 million, within a framework amount of SEK 700 million. The proceeds from the bond issue will primarily be applied towards the redemption of the outstanding bond loan and towards investments in existing and new real estate-related assets. Fastator has undertaken to list the bonds on the corporate bond list of Nasdaq Stockholm.

Fastator is an investment company focusing on investments within the real estate sector. The company’s investment portfolio comprises real property owning entities, including entities conducting ancillary business such as property development, real estate management services and digitalisation in the real estate sector. Fastator’s shares are traded on Nasdaq First North Stockholm.

Gernandt & Danielsson has advised the company and its financial advisors, Pareto Securities AB and Swedbank AB (publ), with a team consisting of partner Mikael Borg, Senior Associate Mikael Bolling and Associate Sara Gannby.

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