Coor investigates the prerequisites for issuing a senior unsecured bond
Coor Service Management Holding AB (”Coor”) has mandated DNB Markets and SEB to arrange a series of Nordic fixed income investor meetings on March 11-12th in order to investigate the prerequisites for issuing a senior unsecured bond.
Coor investigates the prerequisites for issuing a senior unsecured bond of approximately SEK 1,000 million, with the objective of increasing the company’s financial flexibility and extending the debt maturity profile.
Subject to the prevailing market conditions an approximately SEK 1,000m 5 year fixed and/or floating rate senior unsecured bond may follow. The proceeds from such a bond issue will be used towards refinancing of the existing bridge facility and general corporate purposes.
Information, press images, etc. can be found on www.coor.com
For further information please contact Olof Stålnacke, CFO and IR Director, Coor (+46 10 559 59 20,
olof.stalnacke@coor.com)
This information is such that is obligated to Coor Service Management Holding AB publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was published, through the agency of the contact person mentioned above, on March 4 2019 at 09.00 a.m. The arrangers’ target markets are retail, eligible and professional counterparties (all distribution channels).
Coor is a leading provider of facility management services in the Nordic countries, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services (soft FM), property services (hard FM) and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, Equinor, EY, NCC, Politiet (Danish police), Saab, Sandvik, SAS, Telia Company, the Swedish Transport Administration, Vasakronan and Volvo Cars.
Established in 1998, Coor has been listed on the Nasdaq Stockholm exchange since June 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com
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