PARETO ADVISES AKADEMIBOKHANDELSGRUPPEN ON THE SUCCESSFUL PLACEMENT OF A SEK 500 MILLION SENIOR SECURED BOND
Pareto Securities AB has advised Akademibokhandeln AKB AB (publ)[1] (together with its subsidiaries “Akademibokhandelsgruppen”), operating Sweden’s leading bookstore chain Akademibokhandeln and online bookstore Bokus, on placing a senior secured bond of SEK 500 million with a framework of SEK 700 million (the “Bonds”). The Bonds, maturing in March 2021, will bear a floating rate coupon of 3 month Stibor + 6.00 per cent, with interest paid quarterly. The proceeds from the transaction, together with existing cash, will be used to refinance existing debt, make a one-off distribution to the