PARETO ADVISES SGL TRANSGROUP ON THE SUCCESSFUL PLACEMENT OF A EUR 215 MILLION SENIOR SECURED BOND

Pareto Securities AB has advised SGL TransGroup International A/S (the “Issuer” or the “Group”) on its successful placement of a 5-year EUR 215 million senior secured bond under a framework of EUR 315 million (the “Bonds”). The Bonds, maturing in 2024, will carry a floating rate coupon of 3 month EURIBOR + 6.75 per cent, with interest paid quarterly. The Bonds will be governed by Swedish law and listed on a regulated market. In conjunction with the transaction, the Bonds have been rated B (stable) by Standard & Poor’s and B- (stable) by Fitch Ratings.

Proceeds from the bond issue will be used to refinance existing debt, including the company’s outstanding USD and DKK-denominated bonds, and for general corporate purposes.

The bond issue was well received by the market and saw strong demand from a pan-European investor base. 

“We are pleased with the successful outcome of this refinancing process and grateful for the vote of confidence shown by investors across Europe. With this new financing in place, the Group is in a strong position to continue growing with its existing and new customers and capitalising on the attractive long-term trends we see in the global freight forwarding market” says Allan Melgaard, CEO of the Issuer.    

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

For more information please contact:  

Mats Carlsson, CEO, on +46 8 402 52 86

Markus Wirenhammar, Head of Investment Banking, on +46 70-872 51 86

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 500 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, France, Germany, Switzerland, USA, Singapore and Australia.