NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
Klarna Bank AB (publ) ("Klarna Bank") announces the results of its invitation to holders of its outstanding floating rate senior unsecured notes outlined below (the "Notes") to tender their Notes for purchase by Klarna Bank for cash (the “Tender Offer”) subject to the terms and conditions described in the tender information document dated 24 October 2022 ("Tender Information Document").
At the time of expiration of the Tender Offer at 12:00 CEST on 27 October 2022, Klarna Bank had received valid tenders of SEK 1,844,000,000 aggregate nominal amount pursuant to the Tender Offer. Klarna Bank has determined that valid tenders of Notes in an aggregate principal amount equal to SEK 1,844,000,000 shall be accepted.
Description of the Notes / ISIN / Nominal Amount Accepted for Tender / Fixed Purchase Spread / Purchase Price / Scaling Factor
SEK 1,000,000,000 FRN due June 2023 / SE0013102399 / SEK 572,000,000 / DM +305 bps / 98.790% / N/A
SEK 700,000,000 FRN due September 2023 / SE0013104726 / SEK 464,000,000 / DM +330 bps / 98.114% / N/A
SEK 1,200,000,000 FRN due February 2024 / SE0013360062 / SEK 592,000,000 / DM +385 bps / 96.882% / N/A
SEK 300,000,000 FRN due March 2025 / SE0013360450 / SEK 216,000,000 / DM +425 bps / 93.689% / N/A
The Purchase Price for the Notes in the Tender Offer is set out above and was determined in accordance with the Tender Information Document at the pricing time, which took place at or around 14:00 CEST on 27 October 2022. Klarna Bank will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date. The settlement date for the Tender Offer will occur on 1 November 2022.
Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via Nordea Bank Abp. All tendering holders should coordinate the trade bookings with their local sales representative immediately. Klarna Bank intends to cancel Notes purchased pursuant to the Tender Offer in accordance with the terms and conditions of the Notes.
Dealer Manager
Nordea Bank Abp: +45 61 36 03 79, nordealiabilitymanagement@nordea.com
Klarna Bank:
Candice Macdonald, Investor Success, +44 7971 797208, Candice.macdonald@klarna.com
This disclosure contains information that Klarna Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-10-2022 15:01 CET.