Kährs BondCo explores the possibility to issue senior secured floating rate bonds and announces a tender offer, its intention to early redeem its outstanding bonds and provides a financial update
Kährs BondCo AB (publ) (the "Company") hereby announces that it has mandated DNB Markets, a part of DNB Bank ASA, Sweden Branch, Nordea Bank Abp and Pareto Securities AS as joint bookrunners to explore the possibility to place an up to SEK 1,450,000,000 senior secured floating rate bonds issue with a framework of up to SEK 2,500,000,000, subject to market conditions (the "New Bonds").The proceeds from the potential bond issue will be used to repurchase and/or redeem all of the Company's Existing Bonds (as defined below), finance general corporate purposes of the group and transaction costs
”Growth continued in the quarter with a strengthened order book and improved gross margin. Our performance was, however, held back by weaker demand in Europe. We are now accelerating initiatives to improve both short- and long-term profitability. We enter the final quarter of the year with high activity level and expect to reach our ambition of 3-5% organic growth for the full-year,” says Joacim Lindoff, President and CEO of Arjo.
July-September 2024 in brief
· Net sales amounted to SEK 2,734 M (2,777).
Net sales grew organically by 1.5%.
· The gross margin increased to 42.0%
