Ellos Group Nordic AB (publ) issues new senior and super senior secured bonds
Press release, Borås, 20 June 2024
NOT FOR DISTRIBUTION IN OR TO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
Ellos Group AB (publ) (the “Company”) announces that its subsidiary Ellos Group Nordic AB (publ) (the “Issuer”) has issued new senior secured callable floating rate bonds in an amount of SEK 1,100,000,000 (the “Senior Bonds”) as well as new super senior secured callable floating rate bonds in an amount of SEK 400,000,000 (the “Super Senior Bonds” and jointly, the “Bonds”), both of which have a tenor of three years. The Senior Bonds bear a floating rate of 3 months STIBOR plus 900 basis point and the Super Senior Bonds bear a floating rate of 3 months STIBOR plus 600 basis points. The proceeds from the Bonds are to be used towards refinancing of the Company’s outstanding SEK 1,500,000,000 senior secured callable floating rate bonds with ISIN SE0012827996 and the Company’s outstanding SEK 250,000,000 super senior secured callable fixed rate bonds with ISIN SE0021486917.
The Issuer intends to apply for admission to trading of the Bonds on Nasdaq Stockholm Corporate Bond List, for which purpose the Issuer will prepare and seek approval from the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) of a listing prospectus.
ABG Sundal Collier AB has acted as arranger and sole bookrunner in connection with the Bond Issue. Roschier Advokatbyrå AB has acted as legal counsel to ABG Sundal Collier AB and Advokatfirman Cederquist KB has acted as legal counsel to the Company and the Issuer in connection with the Bond Issue.
For more information:
Johan Stigson, CFO, Telephone. +46 (0)33 16 08 05.
About ELLOS GROUP
The Ellos Group, which includes the online stores Ellos, Jotex, Homeroom and payment brand Elpy, is a leading shopping destination for fashion and home furnishings in the Nordic region. Working closely with our millions of customers, we offer attractive and sustainable products for the women in mid-life, her family and home. We continuously develop our business through innovation, creativity, and sustainability, and always focusing on the customer. The Ellos Group, headquartered in Borås, and with operations in all Nordic countries and selected European markets, has around 550 employees and sales of around SEK 3.4 billion.