RNB issues senior secured notes of SEK 400 M

RNB Retail and Brands AB (publ) (the “Company”) issues senior secured notes of SEK 400 M with a maturity of 3 years on the Nordic bond market.

The notes have a floating interest rate of Stibor 3m + 600 basis points with a final maturity date on 2 February 2021. Notes may be issued up to a total maximum amount of SEK 600 M. The initial notes issue amounts to SEK 400 M. The Company intends to apply for listing of the notes on Nasdaq Stockholm.

The proceeds from the contemplated notes issue will be used for refinancing of outstanding financial indebtedness and general corporate purposes.

“The bond issue will provide a platform for flexible financing and opens up for new investors in RNB Retail and Brands”, says Magnus Håkansson CEO.

Danske Bank acted as financial adviser in connection with the issue of notes.

This information is such that RNB RETAIL AND BRANDS AB (publ) is required to disclose according to the EU’s Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the below contact person, on 31 January  2018 at 08.00 CET.

For further information, please contact:

Magnus Håkansson, CEO, RNB RETAIL AND BRANDS AB
+46 8 410 520 02, e-mail: magnus.hakansson@rnb.se

Kristian Lustin, CFO, RNB RETAIL AND BRANDS AB
+46 8 410 524 63, e-mail: kristian.lustin@rnb.se

RNB RETAIL AND BRANDS owns, operates and develops fashion wear, ready-to-wear clothing, accessories, jewelry and cosmetics stores and e-commerce that focus on providing excellent service and a world-class shopping experience. Sales are conducted through the concepts Brothers, Man of a kind and Polarn O. Pyret. Within the Departments & Stores business area, departments are managed in the department store NK in Stockholm and in Gothenburg. The Group has some 270 stores and e-commerce platforms in 10 countries. RNB RETAIL AND BRANDS has been listed on Nasdaq Stockholm since 2001 under the ticker RNBS.