Indutrade issues a bond loan of SEK 500 million
Indutrade AB (publ) has issued a senior unsecured bond of SEK 500 million with a tenor of 3.25 years.
The bond loan amounts to SEK 500 million and carries a floating interest rate of three months STIBOR +0.95%. The proceeds from the bond issue will be used for refinancing of existing loans and for general corporate purposes.
Indutrade will apply for the new bond to be listed on Nasdaq Stockholm's Corporate Bond List.
SEB has acted as financial advisor in connection with the new bond issue.
Stockholm, 20 November 2018
INDUTRADE AB (publ)
For further information, please contact:
Patrik Johnson, CFO
Phone +46 8 703 03 00
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade’s business is distinguished by
- High-tech products for recurring needs
- Growth through a structured and tried-and tested acquisition strategy
- A decentralised organisation characterised by an entrepreneurial spirit
The Group is organised into eight Business Areas: Benelux, DACH, Finland, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and UK. Indutrade’s sales totalled SEK 14,847 million in 2017, generating an operating profit of SEK 1,613 million before amortisation of intangible assets. Indutrade is listed on Nasdaq Stockholm. Please read more at www.indutrade.se