Summus Capital registers new unsecured notes issue in the amount of EUR 15 million and offers existing noteholders to exchange to new notes
In order to refinance existing notes within ISIN LV0000802478 and to raise funds for further expansion of its property portfolio, on 21 May 2024 Summus Capital has submitted documents to Nasdaq CSD to register new unsecured notes issue with the following characteristics:
Issuer Summus Capital OÜ
ISIN LV0000860187
Type of security Unsecured notes
Issue size up to EUR 15,000,000
Nominal value of 1 note EUR 1,000
Annual coupon rate 9.50%
Coupon payment frequency Quarterly
Maturity 11 June 2027
Principal repayment At maturity
Issuer rating BB/Stable by Scope Ratings GmbH
Notes issue will be structured as private placement with EUR 100,000 minimum investment. See Terms of Issue attached.
Signet Bank AS acts as the Arranger of the notes issue, while AS LHV Pank has been appointed as the Sales Agent for the Estonian market.
Offer to existing investors.
From 22 May 2024 to 4 June 2024, noteholders of LV0000802478 notes with maturity on 18 June 2024 who wish to continue investing in Summus Capital OÜ notes are offered the opportunity to exchange their existing notes for new notes with a fixed coupon rate of 9.5% and maturity of 3 years.
Noteholders of LV0000802478 notes will receive information from their custodian banks with instructions on how to participate in the exchange offer. Only those existing noteholders with a minimum holding of EUR 100,000 are eligible to participate in the exchange offer.
For any questions please contact:
Signet Bank AS
+371 6708 1028, invest@signetbank.com
About Summus Capital:
Summus Capital (www.summus.ee) is a real estate investment holding company founded in 2013. The group owns a portfolio of 14 properties in the three Baltic countries, which includes buildings in the retail, office, logistics and medical sectors with a total rental area of more than 218,000 square meters and a value of about 400 million euros.
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