Pareto advises Scan Bidco A/S in the successful placement of a six-year senior secured dual-tranche bond
Pareto Securities has advised and acted as sole bookrunner to Scan Bidco A/S on its successful placement of a six-year senior secured dual-tranche bond in the amount of USD 70 million and DKK 200 million. The proceeds from the bond issue will be used to partially finance the acquisition of the Nordic-based, global full-service freight forwarding provider Scan Global Logistics by AEA Investors and its co-investors.The bond, maturing in 2022, will bear a fixed annual coupon of 7.70 per cent for the USD tranche and 6.80 per cent for the DKK tranche, with interest paid quarterly. The bond will