Citira Holding AB (publ) prices senior secured bonds of EUR 60 million
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NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW
Citira Holding AB (publ) (the “Company”) will issue its first EUR-denominated senior secured bond, in an amount of EUR 60 million, with ISIN SE0029278217 (the “Bond”). The Bond has a tenor of approximately 3.5 years, a floating interest rate of EURIBOR 3 months plus 500 basis points and a final maturity date of 26 November 2029.
The Company will apply for admission to trading of the Bonds on the corporate bond list of Nasdaq Stockholm within 12 months.
The net proceeds will initially be placed in escrow and subsequently released in accordance with the terms and conditions of the Bond. Net proceeds will be used to finance general corporate purposes, including acquisitions and investments, and to refinance target debt.
ABG Sundal Collier, Pareto Securities and SEB acted as joint bookrunners in connection with the issue of the Bonds. Gernandt & Danielsson acted as legal counsel for the transaction.
For further information, please contact:
David Boman, CEO, Citira Group – [email protected]
Tor Erling Gunnerød, Partner, Norvestor Advisory – [email protected]