Acroud successfully places SEK 225 million of senior secured bonds and initiates early redemption of existing bonds
Acroud AB (publ) ("Acroud" or the "Company") has, following a book building process, successfully placed SEK 225 million of senior secured floating rate bonds to investors in the Nordics and continental Europe (the "New Bonds").The New Bonds will have a tenor of 3 years, carry a floating rate coupon of 3m STIBOR (floored at 50 bps) + 950 bps per annum and were issued at 95.00 per cent of par. Proceeds from the transaction will be used to repay the Company's outstanding SEK 300 million bond (ISIN: SE0010297572) (the "Existing Bonds") and for general corporate purposes. As of this press