Mirovia successfully issues subsequent bonds in an amount of SEK 400 million under its existing framework
Mirovia AB (publ) (“Mirovia” or the “Company”) has successfully issued subsequent senior secured bonds (the “Subsequent Bonds”) in an amount of SEK 400 million under its existing bond framework, increasing the outstanding amount to SEK 800 million. The Subsequent Bonds carry a floating rate coupon of 3m STIBOR + 825 basis points and were placed at a price of 99.50% of par. The transaction was met with strong interest from Nordic and international investors and the book was oversubscribed.
The net proceeds from the bond issue will be used to finance add-on acquisitions and the Company intends to list the Subsequent Bonds on the Corporate Bond List of Nasdaq Stockholm.
”We are incredibly proud to have increased our bond loan by an additional SEK 400 million and grateful to our investors who continue to believe in us and our portfolio companies in an otherwise uncertain market. We are also grateful for the close collaboration we have had with our advisors during the process. The transaction shows the confidence that investors have in Mirovia's business model and also enables our continued growth. With this capital injection, we will be able to continue to acquire stable and profitable companies”, comments Sebastian Karlsson, CEO and Co-founder of Mirovia.
Pareto Securities AB acted as sole bookrunner and Gernandt & Danielsson acted as legal advisor in connection with the bond issue.
About Mirovia:
Mirovia is a Nordic group that invests in entrepreneurial companies that offer software solutions and niche IT services. Mirovia was founded in 2020 with the goal of being an active owner and business partner of small and medium-sized companies that have continued autonomy of their operations. Mirovia Group's turnover amounted to over SEK 327 million pro forma in 2021.
For more information, please contact:
Sebastian Karlsson, CEO and Co-founder, on e-mail sebastian@mirovia.io
Peter Olofsson, CFO, on e-mail peter@mirovia.io
This information is such information that Mirovia AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the contact persons set out above, on 2 June 2022 at 18:30 (CEST).