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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.
Opus Group AB (publ) (“Opus” or the ”Company”) is offering holders (the “Bondholders”) of its outstanding SEK senior unsecured callable bonds outlined below (the “Bonds”) to tender the Bonds for purchase by the Company for cash (the “Tender Offer”) at the price set out below. The Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 23 March 2020 (the “Tender Information Document”).
Description of the Bonds / ISIN / Outstanding Amount / Minimum Denomination / Purchase Price
May 2022 Senior unsecured callable bonds / SE0010625889 / SEK 500,000,000 / SEK 100,000 / 102.20% 
The Tender Information Document can be found on the following link: https://www.opus.global/investor-relations/tender-offer-and-written-procedure-20182022-500-msek-bonds/
The Tender Offer expires at 17:00 CET on 31 March 2020, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Company. Settlement of the Tender Offer is expected to occur in connection with the completion of the Written Procedure (as defined below) and currently with the expectation to occur during April 2020.
The Issuer’s repurchase of Bonds is conditional upon successfully obtaining the New Financing and that the Requests in the Written Procedure (as described below) are approved by the Bondholders no later than 17:00 CET on 31 March 2020.
The Company has mandated Swedbank AB (publ) (“Swedbank”) as Tender Agent for the Tender Offer.
In connection with the Tender Offer, the Company instigates a written procedure (the “Written Procedure”), for which notices will be distributed today by Nordic Trustee and Agency AB (publ), pursuant to the terms and conditions of the Bonds (the “Terms and Conditions”). The purpose of the Written Procedure is to seek the Bondholders’ approval to amend the Terms and Conditions to (i) include a call option for the Issuer upon the occurrence of a “Substantial Repurchase Event” where the Issuer has repurchased 50 per cent. or more of the aggregate principal amount of the Bonds issued, (ii) amend the definition of “Bank Loan” under the Terms and Conditions in order to permit incurrence of debt under a new financing agreement in connection with settlement of the Tender Offer (the “New Financing”), and (iii) give the Company the option to cancel Bonds repurchased or redeemed by the Company in connection with a redemption of the Bonds in full (together the “Requests”). The proposed Requests are further described in the notice of the Written Procedure which will be sent to the Bondholders and published on the Issuer’s website https://www.opus.global/investor-relations/tender-offer-and-written-procedure-20182022-500-msek-bonds/.
The Tender Offer and the Requests are related to the public takeover offer by Ograi BidCo AB (“Ograi”) to the shareholders in Opus resulting in Ograi controlling a majority of the shares in Opus, as previously announced in January 2020 (the “Change of Control”). As a result of the Change of Control, the Bondholders have a right to repurchase of their Bonds (“put option” under the Terms and Conditions) (the “Change of Control Process”). The Change of Control Process was initiated by the Company on 22 January 2020. Read more at: https://www.opus.global/investor-relations/repurchase-of-20182022-500-msek-bonds/. Those Bondholders who have already accepted to sell their Bonds in the Change of Control Process will automatically be included and participate in the Tender Offer at the Purchase Price. Bondholders participating in the Change of Control Process and the Tender Offer are kindly requested to vote in the Written Procedure.
When accepting the Tender Offer and voting in the Written Procedure the Bondholders shall act in accordance with the terms and conditions described in the Tender Information Document and the notice of the Written Procedure, respectively. These documents also include further information regarding the Tender Offer and the Written Procedure.
Gothenburg, March 23, 2020
Opus Group AB (publ)
1 102.20% corresponds to a break-even price assuming that i) the Bonds will be called at first call date as set out in the Terms and Conditions and ii) that settlement would occur on 28 April 2020.
Tender Information Document
Notice of Written Procedure, ISIN SE0010625889
Swedbank AB (publ)
Phone: +46 (0)8 700 90 22
This is information that Opus Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out herein, at 17:00 CET on March 23, 2020.
For additional information, please contact:
Linus Brandt, CFO & Executive Vice President
Phone: +46 722 44 09 05
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