Opus issues bond of SEK 500 million

Opus Group AB (publ) (“Opus”) has issued senior unsecured bonds of SEK 500 million with a tenor of four years on the Nordic market. The bonds carry a floating rate coupon of STIBOR 3m + 375 basis points and have final redemption in May 2022. The bonds have a framework amount of SEK 800 million.

The net proceeds from the bond issue will primarily be used for refinancing purposes of the outstanding SEK 500 million bonds maturing on November 20, 2018 (ISIN: SE0005556834). Opus will apply for listing of the bonds on Nasdaq Stockholm.

“We are issuing a new corporate bond to refinance Opus’ outstanding bond with final maturity on November 20, 2018 and thereby securing financing of our continued growth” says Linus Brandt, CFO & Executive Vice President of Opus.

Swedbank has been financial advisor and arranger in connection with the bond issue and Vinge has been legal counsel to Opus in the same regard.

Gothenburg, May 24, 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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