Storskogen successfully issues senior unsecured bonds of SEK 2 billion
Stockholm, November 24, 2021 – Storskogen Group AB (publ) (“Storskogen”) successfully issues senior unsecured bonds of SEK 2 billion.
Storskogen has successfully issued senior unsecured bonds of SEK 2 billion within a framework of SEK 5 billion. The bonds carry a floating interest rate of 3m Stibor + 300 basis points and mature on 1 December 2025.
The proceeds from the bond issue will be used for general corporate purposes including acquisitions, investment in companies and repayment of existing debt incurred for such purposes.
“During May this year we made a strong entrance to the Nordic capital markets with our inaugural bond, and we are very happy that we today, on the back of a strong third quarter and a successful IPO, could continue this capital markets journey by issuing bonds of another SEK 2,000 million.”, says Daniel Kaplan, CEO and co-founder of Storskogen.
“Through this issue, we further strengthen our capital structure, enabling an even faster acquisition rate internationally”, says Lena Glader, CFO of Storskogen.
Storskogen intends to apply for admission to trading of the bonds on the corporate bond list of Nasdaq Stockholm.
Nordea acted as Global Coordinator and DNB Markets, Nordea, SEB and Swedbank acted as joint bookrunners in the transaction.
Gernandt & Danielsson acted as legal advisor.
For further information, please contact:
Daniel Kaplan, CEO and co-founder
Telephone: +46 73-920 94 00
Lena Glader, CFO
Telephone: +46 73-988 44 66
Michael Metzler, Press Officer
Telephone: +46 70-455 58 81
The information was submitted for publication at 21:45 CET on 24 November 2021.