Esmaeilzadeh Holding has successfully issued subsequent bonds in an amount of SEK 375 million under its existing framework
Esmaeilzadeh Holding AB (publ) (“EHAB” or the “Company”) has successfully issued subsequent bonds in an amount of SEK 375 million (the “Subsequent Bonds”) under its existing bond framework. The total outstanding amount will thus be incerased to SEK 1,575 million. The Subsequent Bonds carry a floating rate coupon of 3m STIBOR + 750 basis points and were placed at a price of 92.50% of par. The transaction was met with strong interest from Nordic and international investors, which resulted in an oversubscribed book and allowed the issue volume to be upsized from the initially communicated SEK 200 million.
The net proceeds from the Bonds will be applied towards general corporate purposes, including but not limited to acquisitions, investments and operational expenditure. The Company intends to have the Subsequent Bonds admitted to trading on the corporate bond list at Nasdaq Stockholm within 60 days.
“We are grateful for the interest and strong demand received, both from tier one Nordic investors as well as from large pan-European asset managers. This capital injection allows us to continue supporting our portfolio companies in executing their attractive transaction pipelines. The transaction is a testimony of confidence in our ability to build successful company groups and we look forward to our continued relationship with new and existing investors from the bond issue”, says Saeid Esmaeilzadeh, CEO and Founder.
ABG Sundal Collier AB and Pareto Securities AB acted as joint arrangers and bookrunners in the transaction. Roschier Advokatbyrå AB acted as legal advisor.
For further information, please contact:
Saeid Esmaeilzadeh, CEO and Founder
+46 707 18 70 61, saeid@ehab.group
Nils Fredrik Lagerstrand, General Counsel & Deputy CEO
+46 720 90 26 99, nilsfredrik@ehab.group
This information is information that Esmaeilzadeh Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 15.15 CET on 13 January 2023.
About Esmaeilzadeh Holding AB (publ)
EHAB is an investment company that manages and establishes acquisition-oriented companies within a variety of industries and deep niches. EHAB’s portfolio is constantly evolving as new opportunities and interesting niches are identified. EHAB’s net asset value amounts to approximately SEK 7.6 billion.