ABAX Group AS – Successful Placement of 4-Year Senior Secured Bonds
Larvik (Norway), January 14, 2025 – ABAX Group AS (“ABAX” or the “Company”) announces today that it has successfully placed SEK 900 million of new senior secured bonds. The new bonds are due to mature in January 2029 and will pay a floating rate coupon corresponding to 3 month STIBOR + 4.75% per annum, payable quarterly in arrears. The net proceeds from the bond issue shall be used to refinance the Company’s existing NOK 1,000m senior secured bonds with ISIN NO0010885312 (the “Existing Bonds”) and general corporate purposes. A call notice for the Existing Bonds will follow in a
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