Swedish Electromagnet Invest AB (Publ) / SE0011167600
01.08.2025 - 12:23:04Swedish Electromagnet Invest AB (publ) Confirms Completion of Divestment to PHINIA and Confirms the Early Redemption of Bond Loan
Swedish Electromagnet Invest AB (Publ) / Key word(s): Bond 01.08.2025 / 12:23 CET/CEST The issuer is solely responsible for the content of this announcement. Procuritas and management shareholders have completed the divestment of Swedish Electromagnet Invest AB (publ) ("SEM") to PHINIA Inc. ("PHINIA") (NYSE:PHIN), a global leader in premium fuel systems, electrical systems, and aftermarket solutions, and SEM confirms the early redemption of its bond loan 2018/2026. Swedish Electromagnet Invest AB (publ) ("SEM") sent a conditional notice of early redemption (the "Redemption") on 11 July 2025 to all holders of SEM's outstanding bond loan 2018/2026 with ISIN SE0011167600 (the "Bonds"). The Redemption was conditional upon Procuritas and management shareholders completing the divestment of all shares in SEM to PHINIA Inc. ("PHINIA") (NYSE:PHIN), a global leader in premium fuel systems, electrical systems, and aftermarket solutions. SEM hereby announces that the divestment has today been completed and that the condition for the Redemption therefore has been fulfilled. All Bonds will be redeemed early at an amount equal to 106.00 per cent. of the nominal amount plus accrued and unpaid interest. The record date for the Redemption is 4 August 2025 and the redemption date for the Redemption is 11 August 2025. In connection with the Redemption, the Bonds will be delisted from Nasdaq Stockholm. For further information, please contact: Magnus Hellström, CEO magnus.hellstrom@sem.se +46 73 056 11 55 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. 01.08.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | Swedish Electromagnet Invest AB (Publ) |
Box 30 Amal | |
66200 Vastra Gotaland | |
Sweden | |
Phone: | +46 532 611 00 |
Internet: | https://sem.se |
ISIN: | SE0011167600 |
Listed: | Regulated Unofficial Market in Frankfurt; Stockholm |
EQS News ID: | 2178450 |
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