Pareto advises Dilasso Timber AB on the successful placement of a SEK 750 million senior secured bond
Pareto Securities AB has advised Dilasso Timber AB (publ) (the “Issuer”), ultimately owned by the investment fund ESSVP IV – advised by Orlando Nordics AB, on placing a 4-year SEK 750 million senior secured bond under a framework of SEK 1,150 million (the “Bonds”). The Bonds, maturing in 2023, will carry a floating rate coupon of 3 month STIBOR + 5.75 per cent, with interest paid quarterly. The Bonds will be governed by Swedish law and the Issuer has undertaken to list the Bonds on any regulated market within 12 months of the issue date. The proceeds from the transaction will be applied