Opus Group issues 5-year SEK 500 million senior unsecured bond

Opus Group AB (publ) ("Opus Group" or the "Company") has successfully issued senior unsecured bonds in the amount of SEK 500 million pursuant to a bond frame of up to SEK 800 million. The bonds, maturing in May 2021, will bear a floating coupon of 3 months Stibor + 4.75 % (paid quarterly). The proceeds from the transaction are to be used to finance the Company’s continued expansion and to repay the majority of the Company’s remaining bank debts.  

The oversubscribed bond issue was placed among predominantly Nordic investors with additional demand from continental Europe and added several new investors to Opus Group.

"We issue a new corporate bond to finance Opus Group’s continued expansion and to repay the majority of the Company’s remaining bank debts. We see interesting business opportunities going forward and the restructuring of our financing will better enable the Company to take advantage of these potential growth opportunities" says Magnus Greko, President and CEO of Opus Group.  

Pareto Securities acted as financial advisor to Opus Group.

Mölndal, Sweden, May 19, 2016

Opus Group AB (publ)

For additional information, please contact
Magnus Greko
President and CEO
Phone: 46 31 748 34 00
E-mail: magnus.greko@opus.se

Linus Brandt, CFO
Tel: +46 72 244 09 05
E-mail: linus.brandt@opus.se

Peter Stenström
Investor Relations
Phone: 46 765 25 84 93
E-mail: peter.stenstrom@opus.se

Jonas Karlsson, Partner – Debt Capital Markets, Pareto Securities AB
Phone: 46 708 17 78 88
E-mail: jonas.karlsson@paretosec.com 

Opus Group is a leading innovative technology focused growth company in the vehicle inspection market. The company has a strong focus on customer service and innovative technology within IT, emission testing and vehicle communication. The Group had SEK 1,650 million in revenues in 2015 with strong operating cash flow and good operating profitability.With over 1,500 employees, Opus Group is headquartered in Mölndal in the Gothenburg region of Sweden and has 25 regional offices, 20 in the United States and the others in Stockholm, Peru, Chile, Mexico and Pakistan. Opus Group has production facilities in the U.S. in Hartford and Ann Arbor. The Opus Group 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.

Subscribe

Documents & Links