SGL Group ApS considers issuance of new senior secured bonds
As communicated on 23 January 2025, SGL Group ApS (the "Company") had mandated Pareto Securities AB ("Pareto") to investigate the possibility of a subsequent bond issue under its existing bond framework (ISIN NO0013183624). Due to strong market conditions and a high interest from investors, the Company has now mandated Pareto as Sole Global Coordinator and Sole Bookrunner for an issuance of new senior secured bonds in an expected aggregate nominal amount of EUR˚350,000,000 (the "Bonds" or the "Bond Issue") within a framework of a total aggregate nominal amount of EUR 600,000,000.
The proceeds from the Bond Issue will be used to (i) redeem the Company's outstanding EUR˚583,836,250 senior secured callable floating rate bonds (ISIN: NO0012826033) (the "2023 Bonds") by way of a voluntary redemption, (ii) partly finance the acquisition of ITN Logistics Group, (iii) paying transactions costs and (iv) general corporate purposes. The issue quantum and allocation of the proceeds from the Bond Issue between paragraphs (i)-(iv) may vary and are not determined. The Company owns on the date hereof 2023 Bonds with an aggregate nominal value of EUR 305,220,250 and such 2023 Bonds will be cancelled in connection with any redemption of the 2023 Bonds.
Holders of the 2023 Bonds may exchange their 2023 Bonds for Bonds, subject to a bookbuilding process ("Exchange"). Holders of 2023 Bonds interested in participating in the Exchange should contact Pareto via the contact details below. The Bond Issue and the Exchange are subject to, inter alia, market conditions.
For further information about the Company, please contact:
Simon Kusk, Head of Group Finance or Martin Gregersen, Head of Group Treasury
investor@scangl.com | (+45) 32 48 00 00
For further information about the Exchange, please contact:
Pareto Securities in capacity of Sole Global Coordinator and Bookrunner:
Markus Wirenhammar, Head of Investment Banking
PsMaple@paretosec.com
This information is information that SGL Group ApS is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 28 January 2025.
Tags: