Opus evaluates a new corporate bond issue

Opus Group AB (publ) ("Opus") has mandated Swedbank AB (publ) as the sole arranger for a potential 4-year, Swedish Krona denominated, senior, unsecured bond issue.

Opus is evaluating the issuance of a 4-year senior, unsecured bond issue, that is Swedish Krona denominated. The net proceeds from the bond issue will primarily be used for refinancing purposes of the outstanding SEK 500 million bond, maturing on November 20, 2018 (ISIN: SE0005556834). In connection with the new bond issue, Opus may evaluate a potential repurchase of that outstanding SEK 500 million bond. A transaction will be launched post announcement of Opus interim report for January – March 2018 (to be published on May 15, 2018), subject to market conditions.

Gothenburg, May 7, 2018

Opus Group AB (publ)

  

For additional information, please contact:
Linus Brandt, CFO & Executive Vice President
Phone: +46 722 44 09 05 
E-mail: linus.brandt@opus.se

About Opus
Opus is a technology-driven growth company in the vehicle inspection and intelligent vehicle support markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and intelligent vehicle support. Opus had approximately SEK 1.9 billion in revenues in 2017 with solid operating cash flow and good operating profitability. Opus’ plan is to reach USD 400 million in revenues and USD 100 million in EBITDA by 2021. The majority of the growth is estimated to come from the international expansion of the vehicle inspection business, with a primary focus on the Latin American and Asian markets, and the expansion of the intelligent vehicle support business. With approximately 2,200 employees, Opus is headquartered in Gothenburg, Sweden. Opus has 34 regional offices, 24 of which are in the United States and the others in Sweden, Argentina, Chile, Mexico, Peru, Pakistan, United Kingdom, Germany and Australia. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq Stockholm.

About Us

Opus is a technology driven growth company in the vehicle inspection and vehicle services markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and vehicle services. Opus’ plan is to double its revenues to reach USD 400 million in revenues and USD 100 million in EBITDA by 2021. The main growth is estimated to come from the expansion of the vehicle communication and services business and the international expansion of the vehicle inspection business with a primary focus on the Latin American and Asian markets. Opus is headquartered in Gothenburg, Sweden. Opus has 30 regional offices of which 20 are located in the United States and the others in Stockholm, Peru, Chile, Argentina, Australia, Germany (dormant), Mexico and Pakistan. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq Stockholm.

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