ABG Sundal Collier is acting as financial advisor in the SEK 331 million rights issue in Studentbostäder i Norden

On 22 September 2023, Studentbostäder i Norden AB (“SBS”) announced a fully guaranteed rights issue of SEK 331 million at a subscription price of SEK 1 per share. Current shareholders have committed to subscribe for SEK 146 million, corresponding to 44 per cent of the rights issue. In addition, current and external investors have committed to guarantee SEK 185 million, corresponding to 56 per cent of the rights issue. The subscription period runs from 13-27 October 2023. In conjunction with the rights issue, the company is proceeding with a written procedure to renegotiate the terms of SBS’s outstanding bond loan of SEK 600 million. The proceeds from the rights issue will be used to repay part of the bond loan and for investments to finalise SBS’s projects in Stockholm and Norrköping.