Correction: Pareto advises Scan Global Logistics Holding ApS on their successful placement of a DKK 375 million three-year senior secured bond

Pareto Securities has advised Scan Global Logistics Holding Aps (“Scan Global”), one of the leading freight forwarding companies in the Nordics, on their successful placement of a three-year DKK 375 million senior secured bond. The proceeds from the bond issue will be used to refinance existing debt.

The bonds, maturing in June 2018, will bear a floating coupon of 3 months Cibor + 7.00% (paid quarterly). Listing of the bonds on NASDAQ Stockholm will take place within 1 year of settlement. The transaction was well received by the market, as evidenced by strong demand for the bonds and significant participation from primarily Danish and Swedish investor universe. Altogether, around 30 investors, both institutional and private, participated in the issue.

”With this financing solution in place, Scan Global achieves a more efficient and flexible capital structure in order to further develop the business going forward and obtaining bond finance in such short time reflects the great trust in Scan Global as a one of the leading Nordic players in the global freight forwarding market. The transaction empowers our management team to continue developing Scan Global and enhance our position in the global freight forwarding market” says Henrik von Sydow, CEO of Scan Global Logistics.

 

For more information please contact Mats Carlsson +46 8 402 5286

 

Scan Global Logistics

Scan Global Logistics is a Nordic based full-service global freight forwarding provider, specialised on complex logistics solutions. Scan Global offers customer a wide range of global transportation and logistics supply chain solutions with a complete coverage on air, sea and overland transportation. Scan Global’s principal owner is Odin Equity Partners, a Danish based independent private equity firm.

 

Pareto Securities AB is an independent Swedish investment bank focused on the Nordic market. Pareto Securities AB offers Swedish and foreign institutions, companies and private individuals investment services related to trading in stocks, derivatives and fixed income instruments, equity research and advisory services within corporate finance. Pareto Project Finance team offers arrangement and syndication of new investment projects, arrangement and syndication of sale and leaseback structures, financial advisory services, brokerage of shares in SPV’s and business management and administration of SPV’s within real estate, infrastructure and shipping/offshore. Pareto Securities AB and Pareto Project Finance is part of the Pareto Securities group. Pareto Securities is an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sectors. Pareto Securities is headquartered in Oslo, Norway, with more than 410 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, France, USA, Canada, Singapore, Australia and Brazil.

About Us

Pareto Securities is an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sector. Pareto Securities AB offers Swedish and foreign institutions, companies and private individuals investment services related to trading in stocks, shares in SPV’s and fixed income instruments, wide coverage both within equity- and credit research. Furthermore, Pareto Securities corporate finance offers ECM, M&A and DCM services as well as arrangement and syndication of new investment projects, arrangement and syndication of sale and leaseback structures within real estate, infrastructure and shipping/offshore. Pareto Securities AB is part of the Pareto Securities group and is headquartered in Oslo, Norway, with more than 400 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, France, Germany, USA, Singapore and Australia.