Indutrade issues two bond loans of in total SEK 1,000 million
Indutrade AB (publ) has issued two senior unsecured bonds of in total SEK 1,000 million with a tenor of five years.
The first bond loan amounts to SEK 750 million and carries a floating interest rate of three months STIBOR +1.10%. The second bond loan amounts to SEK 250 million and carries a fixed rate of 1.75% annually. The transaction generated strong investor demand and the transaction was oversubscribed.
The proceeds from the bond issues will be used for refinancing of existing bank loans and for general corporate purposes. Indutrade will apply for the new bonds to be listed on Nasdaq Stockholm's Corporate Bond List.
Handelsbanken and Nordea have acted as financial advisors in connection with the new bond issues. Wistrand has acted as legal advisor.
Stockholm, 19 February 2018
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO, tel. +46 8 703 03 00
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade’s business is distinguished by
- High-tech products for recurring needs
- Growth through a structured and tried-and tested acquisition strategy
- A decentralised organisation characterised by an entrepreneurial spirit
The Group is organised into eight Business Areas: Benelux, DACH, Finland, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and UK. Indutrade’s sales totalled SEK 14,847 million in 2017, generating an operating profit of SEK 1,613 million before amortisation of intangible assets. Indutrade is listed on Nasdaq Stockholm. Please read more at www.indutrade.se