SGL Group ApS successfully places new senior secured bonds in an amount of EUR 375,000,000

SGL Group ApS (the "Company") has, following a bookbuilding process to qualified investors, successfully placed new senior secured bonds in an amount of EUR 375,000,000 under a framework of EUR 600,000,000 (the “New Bonds” or the “Bond Issue”). The New Bonds will carry a tenor of 6 years and a floating rate interest of 3 months EURIBOR plus 425 bps per annum, and were placed at a price of 99% of par. The Bond Issue was met with strong demand from primarily Nordic and international institutional investors and was significantly oversubscribed.

Proceeds from the Bond Issue will be used to fully redeem the Company’s outstanding senior secured floating rate bonds (ISIN: NO0012826033) maturing in 2028 by way of a voluntary redemption (the “Existing Bonds”), partly finance the acquisition of ITN Logistics Group, paying transactions costs, and general corporate purposes. The Company will issue a separate press release and notice of early redemption containing details about the voluntary redemption of the Existing Bonds. 

Settlement of the New Bonds is expected to be on 24 February 2025, and the Company intends to list the New Bonds on the Corporate Bond List of Nasdaq Stockholm. 

Pareto Securities acted as Sole Global Coordinator and Sole Bookrunner and Roschier Advokatbyrå acted as legal adviser in connection with the Bond Issue.

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

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 15:00 CET on 31 January 2025.