PARETO ADVISES ROPOHOLD OY ON THE SUCCESSFUL PLACEMENT OF A EUR 50 MILLION SENIOR SECURED BOND

Pareto Securities AB has advised RopoHold Oy (“Ropo” or the “Company”), on placing a 3-year EUR 50 million senior secured bond (the “Bonds”). The proceeds from the transaction will be used to refinance existing interest bearing debt, repay shareholder loans, make an extraordinary dividend to the owners of the Company and for general corporate purposes.

The Bonds, maturing in December 2020, will bear a floating rate coupon of 3 month Euribor + 7.00 per cent, with interest paid quarterly. The Bonds will be listed on Nasdaq Helsinki within 9 months of the issue date.

The transaction was well received by the market, with participation primarily from Swedish and Norwegian institutional investors, coupled with strong demand from other Nordic and continental European accounts.

“The bond issue secures the Company’s financing for a foreseeable future and is well suited to support the Owner’s and Management’s growth plans for the Company in its early stages. The flexible financing obtained through the bond will enable the Company to pursue its goal of becoming the leading Finnish provider of invoice lifecycle management, continuing to disrupt the industry as it stands today” says Artti Aurasmaa, CEO of Ropo Capital.

Pareto Securities AB acted as Sole Bookrunner in connection with the bond issue.

For more information please contact Mats Carlsson, CEO, at +46 8 402 52 86 or Markus Wirenhammar, Head of Debt Capital Markets, +46 70-872 51 86.

About Ropo Capital

Ropo Capital is a leading Finnish provider of invoice lifecycle management services covering the whole value chain of receivables management. Headquartered in Kuopio, Finland, the Company employs approximately 140 people and serves more than 8,000 customers in Finland spanning from SMEs to large corporates. The Company delivers every 6th invoice in Finland and handles EUR 5 billion in customer assets per year. More information available is at www.ropocapital.fi 

Pareto Securities is an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sector. Pareto Securities AB offers Swedish and foreign institutions, companies and private individuals investment services related to trading in stocks, shares in SPV’s and fixed income instruments, wide coverage both within equity- and credit research. Furthermore, Pareto Securities corporate finance offers ECM, M&A and DCM services as well as arrangement and syndication of new investment projects, arrangement and syndication of sale and leaseback structures within real estate, infrastructure and shipping/offshore. Pareto Securities AB is part of the Pareto Securities group and is headquartered in Oslo, Norway, with more than 400 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, France, Germany, USA, Singapore and Australia.