Legres AB (publ) successfully issues new senior secured bonds

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Legres AB (publ) successfully issues new senior secured bonds in an aggregate amount of SEK 325 million.

Legres AB (publ) (“Legres”) announces that it has successfully priced SEK 325 million new senior secured bonds. The transaction was well oversubscribed and rendered a broad interest from both Nordic and international institutional investors. The new bonds will have a floating rate coupon of 3 months STIBOR + 9.00 per cent per annum and the final maturity date will be 30 December 2025. The net proceeds from the new bonds will be used to refinance Legres’ existing senior secured bonds with ISIN SE0012729010 and to finance general corporate purposes.

We are incredibly proud to have refinanced our existing bond loan and grateful to both the existing and new investors who have shown us their support in an otherwise uncertain capital market. The significant interest in our issue is also a testament to our strong market position within the credit management services industry and with the refinancing concluded, we now shift our focus on the execution of our vision and strategies to deliver an effortless experience for our existing and new customers”, says Klaus Reimer, CEO at Legres.

Legres intends to apply for listing for the new bonds on the corporate bond list of Nasdaq Stockholm.

ABG Sundal Collier AB has acted as sole manager and bookrunner in connection with the issuance of the new bonds. Advokatfirman Vinge KB has acted as legal counsel.

About Legres AB (publ)     
Legres AB (publ) is the parent company for the Sergel companies in the Nordics. The group has approximately 330 employees and consists of Sergel Kredittjänster AB in Sweden, Sergel Oy in Finland, Sergel Norge AS and Sergel A/S in Denmark. Sergel offers services across the entire credit life cycle through its four segments; Debt Collection, Connect, Credit Decision, and Accounts Receivable.

For further information please contact:   
Klaus Reimer CEO, +45 40 99 55 25, klaus.reimer@sergel.com             
Niklas Mortimer Undén, CFO, +46 705 740 817,


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