Humble contemplates issuance of subsequent bonds
Humble Group AB (publ) (“Humble” or the “Company”) has mandated Carnegie, Nordea and SEB as Joint Bookrunners to arrange a series of fixed income investor meetings commencing on June 22, 2022, to explore the possibility to issue subsequent bonds under the Company’s existing senior secured bond loan 2021/2025 with a total framework amount of SEK 1,500,000,000 of which SEK 1,200,000,000 is outstanding (ISIN: SE0016273742). The Company continues to see opportunities for accretive acquisitions and the net proceeds from the contemplated bond issue will be used for general corporate purposes including acquisitions. Humble is currently contemplating four near term acquisitions, where two share purchase agreements have been signed and two are close to signing. If materialising, the acquisitions will on an LTM (last twelve months)-basis add combined net sales and adjusted EBITDA of SEK 1,143 million and SEK 76 million respectively. The companies would be acquired for a sum of SEK 411 million on cash and debt free base, and paid with a mix of consideration shares and cash. The issue is expected to be carried out within the near future, subject to market conditions.
For additional information, please contact:
Simon Petrén, CEO, Humble Group AB
Tel: +46 70 999 94 55
E-mail: simon.petren@humblegroup.se
The information in this press release constitutes inside information that Humble Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out above, at the time stated by Humble’s news distributor, Cision, at the publication of this press release.
About Humble Group
Humble Group is a Swedish food-tech and FMCG-group, supplying the next generation of products that are good for people and the planet. Humble targets the segments of foodtech, eco, sustainability and vegan to drive high organic growth, acquisitions and utilize synergies in the different operation entities: Brands, Distribution, Manufacturing and Ingredients and R&D. Humble’s technology solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar-reduced, sustainable and vegan products. For more information visit www.humblegroup.se
Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE
FN Sweden AB is Humble’s certified adviser. Tel: 08-528 00 399 E-mail: info@fn.se