Pareto advises Scan Bidco A/S in the successful placement of a six-year senior secured dual-tranche bond

Pareto Securities has advised and acted as sole bookrunner to Scan Bidco A/S on its successful placement of a six-year senior secured dual-tranche bond in the amount of USD 70 million and DKK 200 million. The proceeds from the bond issue will be used to partially finance the acquisition of the Nordic-based, global full-service freight forwarding provider Scan Global Logistics by AEA Investors and its co-investors.

The bond, maturing in 2022, will bear a fixed annual coupon of 7.70 per cent for the USD tranche and 6.80 per cent for the DKK tranche, with interest paid quarterly. The bond will be listed on Nasdaq Stockholm or another regulated market within one year of the issue date.

The transaction was well received by the market, with participation primarily from Swedish, Danish and Finnish institutional investors. Altogether, approximately 40 investors participated in the bond issue.  

For more information please contact Mats Carlsson at Pareto Securities AB, +46 8 402 52 86