SGL TransGroup International A/S considers issuance of new senior secured fixed rate bonds and announces tender offer regarding outstanding senior secured floating rate bonds
SGL TransGroup International A/S ("Issuer") has mandated Pareto Securities AB as sole bookrunner to arrange fixed income investor meetings to investigate the possibility of issuing new EUR denominated senior secured fixed rate bonds in a minimum amount of EUR [100,000,000] with an expected tenor of 4 years (the "New Bonds"). Subject to inter alia market conditions, a transaction may follow. Proceeds from the contemplated bond issue will be used to finance contemplated acquisitions, for general corporate purposes, and, subject to the Tender Offer (below), repurchase existing bonds.
In connection with the issue of New Bonds, the Issuer is offering holders of the Issuer’s outstanding senior secured floating rate bonds maturing on 4 November 2024 with ISIN SE0013101219 to tender any of their bonds, subject to a total transaction cap of EUR 100,000,000 which may be increased or decreased at the option of the Issuer (the "Tender Offer"). The purchase price will be determined by the Issuer taking into account offers from existing bondholders participating in the Tender Offer. The full terms and conditions of the Tender Offer can be found in the tender information document which will be made available on the Issuer´s website.
The Issuer has mandated Pareto Securities AB as sole arranger and bookrunner in respect of the issuance of the New Bonds and as sole bookrunner and tender agent for the Tender Offer.
For further information, please contact:
Sole Bookrunner and Tender Agent:
Markus Wirenhammar, Head of Investment Banking, +46 70 872 51 86
SGL TransGroup International A/S:
Claes Brønsgaard Pedersen, Global CFO, +45 32 48 00 00, Email: ir@scangl.com
This information is information that the Issuer is obliged to make public pursuant to the EU Market Abuse Regulation and the and the Swedish securities markets act (2007:528). The information was submitted for publication, through the agency of the contact person set out above on 23 March 2021, at 08.30 CET.
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