19 November 2019

Gernandt & Danielsson advises in Offentliga Hus i Norden’s issue of capital securities

Gernandt & Danielsson advises Offentliga Hus i Norden AB (publ) ("Offentliga Hus") in its issue of capital securities in two tranches in a total amount of SEK 575 million under a framework amount of SEK 750 million. The net proceeds from the initial issue, amounting to SEK 500 million, as well as the subsequent issue, amounting to SEK 75 million, will be applied towards general corporate purposes of the Group, including financing acquisitions. Offentliga Hus intends to apply for admission to trading of the capital securities at the corporate bond list of Nasdaq Stockholm.

Offentliga Hus is a real estate company focused on community service properties. Offentliga Hus was established in 2011 being one of the pioneers within the community service segment. The company currently owns hundreds of community service properties across Sweden. The rental income is primarily derived from public sector operators with long-term lease agreement.

Gernandt & Danielsson has advised Offentliga Hus and its financial advisors, Nordea bank Abp and Swedbank AB (publ), with a team consisting of partner Mikael Borg and Senior Associate Mikael Bolling.