Recent work | September 29, 2023

Roschier advises Nordea and Swedbank in K-Fastigheter’s directed share issues

K-Fast Holding AB (publ) (K-Fastigheter) has resolved on directed issues of series B shares, raising proceeds of SEK 331.2 million before transaction costs. Nordea Bank Abp, filial i Sverige and Swedbank AB (publ) are acting as Joint Global Coordinators and Joint Bookrunners in connection with the transaction. Roschier is legal advisor to the Joint Global Coordinators and Joint Bookrunners in connection with the transaction.

The capital raise is carried out through two separate resolutions on share issues, partly as a directed issue of 18,180,000 series B shares, pursuant to the authorization to issue shares granted by the Annual General Meeting in May 2023, through an accelerated book-building procedure targeting Swedish and international institutional investors, and partly as a directed issue of 5,820,000 series B shares, subject to approval at an extraordinary general meeting, directed to Erik Selin Fastigheter AB.

The subscription price in both share issues has been determined through an accelerated book-building procedure carried out by Nordea and Swedbank.

K-Fastigheter is a property company whose goal is to create attractive homes with a high level of comfort. Its operations comprise active property management, project development and construction under its own management. K-Fastigheter’s B share is listed on Nasdaq Stockholm.

Roschier’s main advisory team comprises Pontus Enquist, Erik Ellenius and Evelina Pettersson.