Storskogen Group AB (publ) has successfully issued a bond of SEK 3 billion
Stockholm, May 04, 2021 (16.00) – Storskogen Group AB (publ) (“Storskogen”) has issued its inaugural senior unsecured bond. The transaction is one of the largest inaugural unrated bond issues in the Nordics.
Storskogen has issued a senior unsecured bond of SEK 3 billion, within a framework of SEK 4 billion. The bond carries an interest rate of 3m Stibor + 300 basis points and matures on May 14 2024. The issue attracted very strong interest from Nordic investors and the orderbook was heavily oversubscribed.
The proceeds from the bond issue will be used for general corporate purposes including acquisitions and investments in companies.
“We are very pleased with how well Storskogen has been received in the bond market. This demonstrates that investors have faith in our business model and our ability to create long-term sustainable profitability. I would also like to thank our financial advisers for a job very well done,” says Daniel Kaplan, CEO and co-founder of Storskogen.
“By entering the bond market we diversify our capital structure and strengthen our ability to act on attractive business opportunities in the Nordics and Europe”, says Lena Glader, CFO of Storskogen.
Carnegie, Danske Bank, Nordea and Swedbank have acted as joint bookrunners in the transaction.
“We are very impressed with Storskogen and their debut in the bond market. Given that they are a first time issuer with stand alone documentation and no official rating, this is a highly successful transaction, one of the largest ever of its kind”, say the bookrunners in a joint comment.
Gernandt & Danielsson acted as legal advisor.
For further information, please contact:
Daniel Kaplan, CEO and Co-founder Storskogen
Telephone: +46 73-920 94 00
Lena Glader (Krauss), CFO Storskogen
Telephone: +46 73-988 44 66
Storskogen is a Swedish privately owned company founded in 2012, with a mission to acquire and operate well-managed and profitable companies with leading positions in their respective markets. As of the end of 2020, Storskogen was made up of 58 business units with about 3,500 employees. All business units are run in a decentralised and entrepreneurial fashion, as we know the importance of nurturing the qualities that have made a company successful in the first place.