Novedo contemplates issuance of senior secured bonds
Novedo Holding AB (publ) (“Novedo” or the “Company”) has mandated ABG Sundal Collier AB and Pareto Securities AB as joint book-runners to arrange a series of fixed-income investor meetings commencing on September 3, 2024, to explore the possibility to issue senior secured bonds with a tenor of three years and with an initial issue amount of SEK 1,250 million, within a framework of SEK 2,000 million (the “New Bonds”). A capital markets transaction may follow, subject to inter alia market conditions.
The net proceeds from the New Bonds will be applied towards refinancing of Novedo’s existing senior secured bonds of SEK 1,250 million with maturity on November 26, 2024 (ISIN: SE0017070980) (the ”Existing Bonds”).
In connection with a successful issue of the New Bonds, the Company will offer holders of its Existing Bonds to subscribe for New Bonds in exchange for Existing Bonds. Novedo will give a notice of voluntary early redemption of all its Existing Bonds which are not exchanged for New Bonds to a premium of the nominal amount (plus accrued and unpaid interest).