Tobii has completed the issuance of 150 MSEK in subsequent bonds

Tobii Group
Press release
Regulatory

NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.

Tobii AB (publ) (“Tobii” or the “Company”, together with its subsidiaries the “Group”) has successfully raised 150 MSEK through the issuance of subsequent bonds (the “Subsequent Bonds” or the “Issue”) under its existing 2019/2022 bond loan with a framework of 600 MSEK (ISIN SE0012230076) (the “Bond Loan”). Following the Issue, the total amount outstanding under the Bond Loan is 450 MSEK. The net proceeds from the Subsequent Bonds will be used for financing of future acquisitions and general corporate purposes.

The Issue was well received by Nordic institutional and private investors and was heavily oversubscribed. The Subsequent Bonds priced at 103.75 which corresponds to a cost of funding of Stibor 3 months + 384 bps to maturity. The Subsequent Bonds issued pursuant to the Bond Loan will be secured through pledges over shares in current and future material subsidiaries and certain intercompany loans.

“We are very pleased to successfully have placed the Subsequent Bonds at attractive terms. Tobii conducts an active acquisition agenda and the Issue provides us with a flexible financing solution for potential future acquisitions,” said Henrik Eskilsson, CEO of Tobii.

In conjunction with the issue of the Bonds, Carnegie Investment Bank acted as financial adviser and sole bookrunner.

This information is information that Tobii 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 person set out below, at 17.00 p.m. CET on 10 February 2020.

IMPORTANT INFORMATION

NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.

This announcement is not and does not form a part of any offer for sale of securities. Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Hong Kong, Japan, Canada, Switzerland, South Africa or New Zealand or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

This announcement is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States or any other jurisdiction. Any securities that may be issued in connection with the transactions referred to in this announcement will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly will not be offered or sold in the United States.

This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council.

Contacts

Henrik Mawby IR Relations
Henrik Mawby
Investor Relations Manager

IR@tobii.com
+46 72 219 82 15

Contact

Johan Wilsby, CFO, Tobii AB, phone: +46 76 859 68 82, email: johan.wilsby@tobii.com

Ola Elmeland, Investor Relations, Tobii AB, phone: +46 (0) 734 409 862, e-mail: investor.relations@tobii.com