Netel contemplates issuance of senior secured bonds
Netel contemplates issuance of senior secured bonds
Netel Holding AB (publ) (“Netel”) has mandated Arctic Securities AS, filial Sverige, SB1 Markets, filial i Sverige and Skandinaviska Enskilda Banken AB (publ) (the “Arrangers”), to arrange investor meetings to explore the possibility of issuing SEK denominated senior secured bonds. A capital markets transaction may follow, subject to inter alia market conditions.
Netel has mandated the Arrangers as joint bookrunners to arrange a series of investor meetings commencing on 21 September 2026 to explore the possibility to issue senior secured floating rate bonds with a tenor of four years and with an expected initial issue amount of SEK 950 million, within a framework of SEK 1,500 million (the “Bonds”). The net proceeds from the Bonds will be applied towards refinancing of Netel’s existing debt facilities and general corporate purposes of the group. The mandating of the Arrangers follows the general meeting resolution on 21 August 2026 to approve the proposed merger between Netel and Infrea AB (the “Merger”), and the rights issue announced on the same date (the “Rights Issue”).
Linklaters Advokatbyrå acts as legal advisor to Netel and Gernandt & Danielsson Advokatbyrå acts as legal advisor to the Arrangers in connection with the bond issue.