Novedo has successfully issued senior secured bonds of SEK 750 million

Novedo Holding AB (publ) (“Novedo” or the “Company”) has successfully issued inaugural senior secured bond loan in the amount of SEK 750 million, under a total framework of SEK 1,500 million (the “Bonds”). The Bonds carry a floating interest rate of 3m STIBOR + 650 basis points with final maturity in November 2024. The transaction received strong interest from Nordic and international institutional investors and the books were significantly oversubscribed.

The net proceeds from the Bonds will be applied towards refinancing of existing bank debt in the Company and towards acquisitions. It is the Company’s intention to admit the Bonds to trading initially on Frankfurt Stock Exchange (Open Market) and within 12 months admit the Bonds to trading on the corporate bond list at Nasdaq Stockholm.

“We are pleased with the positive interest and the strong demand that Novedo’s first bond issue received in the Nordic bond market. The transaction demonstrates the investors’ confidence in Novedo’s business model and enables Novedo’s continued growth strategy by acquiring stable and cash-flow generating companies.”, says Per-Johan Dahlgren, CEO at Novedo

ABG Sundal Collier AB and Pareto Securities AB acted as joint arrangers and bookrunners in the transaction.

Gernandt & Danielsson acted as legal advisor.