PARETO ADVISES SECTO AUTOMOTIVE ON THE SUCCESSFUL PLACEMENT OF A EUR 40 MILLION SENIOR SECURED BOND
Pareto Securities AB has advised Secto Topco Oy, a newly established holding company of Secto Automotive Group Oy (jointly “Secto Automotive” or the “Group”), ultimately majority owned by funds managed by the Finnish private equity firm Sentica Partners, on its successful placement of a 3-year EUR 40 million senior secured bond (the “Bonds”). The Bonds, maturing in November 2022, will carry a floating rate coupon of 3m Euribor + 7.00 per cent, with interest paid quarterly. The Bonds will be governed by Finnish law. The proceeds from the transaction will be used to refinance the Group’s