Författare: Isabella

On 25 November 2024, Catella AB (“Catella” or the “Company”) announced a tender offer in respect of the Company’s outstanding senior unsecured floating rate bonds (the “Existing Bonds”) with an outstanding nominal amount of SEK 942.5 million (ISIN SE0015660444) (the “Tender Offer”).

The Tender Offer expired at 12:00 CET on 29 November 2024 and was made in accordance with the terms and conditions set out in the tender information document dated 25 November 2024. Catella has received tenders in a total nominal amount of SEK 432.50 million and intends to accept all tender instructions received. The Company intends to complete the Tender Offer, with the price for the Existing Bonds set at 100.00 per cent of the nominal amount plus accrued but unpaid interest. Settlement for the Tender Offer is expected to occur on or about 10 December 2024. For more information about the Tender Offer, please contact the dealer managers, DNB Bank ASA, filial Sverige, and Nordea Bank Abp.

Furthermore, a notice of early redemption was sent on 25 November 2024 to such persons registered as holders of Existing Bonds in the debt register as per 22 November 2024. The early redemption of Existing Bonds is conditional upon the satisfaction of the conditions set out in the notice, which is available at the Company’s website, www.catella.se/bonds.

In connection with the early redemption, the Existing Bonds will be de-listed from Nasdaq Stockholm.

For further information, please contact:

Michel Fischier
CFO
+46-8-463 33 86
michel.fischier@catella.se

Catella AB (publ) (”Catella” or the ”Company”) has successfully issued senior unsecured bonds in an amount of SEK 650 million (the ”New Bonds”).

The New Bonds carries a floating rate of three months STIBOR plus 450 basis points and have a tenor of 4.25 years. Catella will apply for admission to trading of the New Bonds on the corporate bond list of Nasdaq Stockholm. An amount corresponding to the net proceeds from the New Bonds will be used for general corporate purposes and for settlement of the Tender Offer as well as the redemption of Existing Bonds not repurchased in the Tender Offer.

DNB Bank ASA, filial Sverige, and Nordea Bank Abp acted as joint arrangers and bookrunners in respect of the issuance of the New Bonds. Advokatfirman Cederquist KB acted as legal counsel.

For further information, please contact:

Michel Fischier
CFO
+46-8-463 33 86
michel.fischier@catella.se

Catella announces the strategic merger of the front office operations of its subsidiaries Catella Residential Investment Management GmbH, Berlin (CRIM) and Catella Real Estate AG, Munich (CREAG) to form Catella Investment Management GmbH (CIM). The merger aims to create a stronger fund investment management platform for enhanced operational efficiency, effective from January 1, 2025.

Catella Residential Investment Management’s and Catella Real Estate AG’s clients will benefit from this strategic move, as they will now have access to a more robust, multi-sector front office managing and advising assets worth €10 billion across more than 25 funds with properties in 15 different countries across Europe. The unified business will possess enhanced capabilities in sharing resources and developing new products, ultimately leading to improved services.

“I am proud that we are now taking this step to combine the expertise and resources of CRIM and CREAG front offices, where we reinforce our common strength as one face to the market. Historically, CRIM and CREAG stem from the same company, and this merger enables a more efficient fund Investment Management platform with close to 150 dedicated professionals”, said Timo Nurminen, Head of Investment Management at Catella.

The merger between CRIM and the property-related activities, such as asset and portfolio management of CREAG, aims to create a more efficient and streamlined fund investment management platform by combining their expertise. In the course of this restructuring, CRIM GmbH will be renamed in CIM GmbH to point out the united product range of all types of property use.

CREAG will remain the AIFM with existing back-office functions for the open-ended regulated funds. The change aligns with Catella’s focus on harnessing synergies across the group and expanding into more value-added products.

The controlling shareholder of CIM GmbH and CREAG will be the Catella Group-owned Catella Investment Management Holding GmbH (CIM Holding GmbH), an entity that will provide services such as Office Management, HR, IT and advice on ESG to both subsidiaries.

The front office operations of CIM GmbH will be led by Michael Keune and Michael Fink as Managing Directors, while the AIFM will be led by the Managing Directors Olena Posiko and Bernd Thalmeier, who will have the role of the speaker of CREAG.
Volker Stix has been nominated as Managing Director of CIM Holding GmbH. The investment manager CIM GmbH will be headquartered in Berlin, with offices in Berlin, Munich, and Vienna.

“With this organizational change and one-face to the market, our ability to serve our clients’ interests will improve significantly. We will continue to work with the same teams as before in Berlin, Munich, and Vienna. It will provide us with excellent opportunities to further diversify and expand our more than 25 funds and portfolios within the segments and assets classes Residential, Office, Parking, Logistics and Mixed-use”, said Michael Keune and Michael Fink, Managing Directors of CIM, from January 1, 2025.

Bernd Thalmeier, Managing Director for the AIFM platform added; “The merger is a logical step to further strengthen our position in a new market environment and in the face of increasing competition. By pooling our expertise, resources and technologies, we are creating an even more powerful platform for our investors and partners. The aim is to respond to the needs of our investors while continuously ensuring the highest standards of quality and transparency in a more efficient and flexible way.”

About Catella Investment Management
Catella Investment Management provides portfolio management, acquisitions, disposals, and asset management advisory services. The company advises more than 25 funds and several mandates with residential and commercial assets under management across 15 European countries. The AIFM platform is a licensed capital management company that operates under German investment law (KAGB), offering expertise in the advice, development, and management of open-ended real estate investment funds. The company has offices in Berlin, Munich and Vienna.

Disclaimer:
This is a marketing release. It is for information purposes only and does not constitute investment advice, an investment recommendation, an offer or an invitation to buy or sell investment products. The information is not suitable for making a concrete investment decision on its basis. It does not contain any legal or tax advice. The provision of the information does not create any contractual obligation or any other liability towards the recipient or third parties. Shares may only be purchased on the basis of the currently valid Terms and Conditions of Investment in conjunction with the currently valid Sales Prospectus. 

Catella AB (publ) (”Catella” or the ”Company”) has mandated DNB Bank ASA, filial Sverige and Nordea Bank Abp as joint bookrunners to arrange investor meetings to investigate the possibility of issuing new SEK-denominated senior unsecured bonds with an expected volume of SEK 500 million under the Company’s MTN-programme, with an expected tenor of 4.25-4.5 years (the ”New Bonds”). Subject to market conditions, a capital markets transaction may follow.

In connection with the issue of the New Bonds, Catella is offering holders of the Company’s outstanding senior unsecured floating rate bonds with an outstanding nominal amount of SEK 942.5 million (ISIN SE0015660444) (the ”Existing Bonds”) to tender any and all of such holders’ Existing Bonds for purchase by the Company for cash (the ”Tender Offer”) at a price of 100.00 per cent. of the nominal amount, plus accrued and unpaid interest. The Existing Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 25 November 2024 (the ”Tender Information Document”), which is available in the following link: www. catella.com/bonds

The Tender Offer expires at 12:00 CET on 29 November 2024, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Company. Settlement of the Tender Offer is expected to occur at or around 10 December 2024. The Company’s repurchase of Existing Bonds is conditional upon a successful issue of the New Bonds and the conditions set forth in the Tender Information Document. Holders of Existing Bonds participating in the Tender Offer will be eligible to receive a priority in the allocation of the New Bonds, subject to the terms set out in the Tender Information Document.
Further, the Company has today instructed CSC (Sweden) AB to send a conditional notice of early redemption in relation to the Existing Bonds. In accordance with the notice, Catella will, conditional upon the settlement of the New Bonds, redeem all Existing Bonds not purchased by Catella in the Tender Offer at an amount of 100.00 per cent. of the nominal amount (i.e. SEK 1,250,000 per Existing Bond) in accordance with the terms and conditions of the Existing Bonds with the early redemption date being 19 December 2024 and the record date being 12 December 2024. The notice of early redemption is available on the websites of Catella and CSC Sweden AB.

The Company has mandated DNB Bank ASA, filial Sverige, and Nordea Bank Abp as joint arrangers and bookrunners in respect of the issuance of the New Bonds, and as dealer managers and tender agents for the Tender Offer. Advokatfirman Cederquist KB has been appointed as legal counsel.

For more information, please contact:

Michel Fischier
CFO
+46-8-463 33 86
michel.fischier@catella.se

About Catella

Catella is a leading specialist in property investments and fund management, with operations in 12 countries. The group has over EUR 13 billion in assets under management. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more at catella.com.