Orexo AB (publ), has successfully issued new senior secured callable floating rate social bonds in an amount of SEK 500 million and with a tenor of four years (the "New Social Bonds"). The New Social Bonds carry a floating rate interest of 3m STIBOR + 650 basis points per annum and the net proceeds will be applied in accordance with the principles set out in Orexo's social financing framework, including but not limited to, refinancing of Orexo's existing senior unsecured callable floating rate bonds of SEK 500,000,000 with maturity in February 2025 and financing or refinancing permitted acquisitions or investments under Orexo's social financing platform. Orexo intends to apply for admission to trading of the New Social Bonds on the sustainable bonds list of Nasdaq Stockholm.

The issuance of the New Social Bonds was oversubscribed and received interest from both Nordic and international institutional investors. On March 8, 2024, Orexo announced, by way of a press release, an invitation to holders of the Existing Bonds to tender any or all of their Existing Bonds for purchase by the Company for cash at a price of 100.750% of the nominal amount plus accrued and unpaid interest (the "Tender Offer"). The Tender Offer expired at 16.00 CET on March 13, 2024, and Existing Bonds in an aggregate nominal amount of SEK 178,750,000 (including Existing Bonds with a nominal amount of SEK 48,750,000 held by the Company) have been tendered and accepted by Orexo.

Conditional upon the Company receiving the proceeds from the issue of the New Social Bonds, Orexo intends complete the Tender Offer and repurchase the tendered and accepted Existing Bonds at the tender offer price together with accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date of the early redemption, which is expected to occur on April 11, 2024 (the "Redemption Price"), in accordance with the terms and conditions of the Existing Bonds. The redemption Price will be paid to each person who is registered as owner of Existing Bonds in the debt register maintained by Euroclear Sweden at the end of business on April 4, 2024. A conditional notice of the early redemption is sent to directly registered owners of the Bonds in the debt register as of March 13, 2024.

ABG Sundal Collier and Carnegie Investment Bank acted as joint arrangers and bookrunners in connection with the issuance of the New Social Bonds and the Tender Offer. Gernandt & Danielsson Advokatbyra KB acted as legal counsel.