Orc Group AB successfully places a EUR 60 million five year inaugural Nordic High Yield bond
On November 16, 2012 Orc Group AB (“Orc”) successfully placed a five year EUR 60 million Senior Secured High Yield bond. The notes, maturing on November 27, 2017, will bear a fixed coupon of 8.5% (paid semi-annually) and be subject to incurrence based covenants only, consistent with international high-yield transactions. Listing of the notes on Nasdaq OMX Stockholm will take place within five months after settlement. Proceeds will be used to refinance existing loans related to Nordic Capital Fund VII’s acquisition of Orc Group AB.The transaction was well received by the market, as evidenced