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