Stronghold successfully raises SEK 140m in a senior secured bond
Stronghold Invest AB (publ) (”Stronghold” or the “company”) has successfully completed a 3-year senior secured bond issue of SEK 140 million which was significantly oversubscribed following strong demand from institutional investors. The bond proceed will be used to refinancing purposes and general corporate purposes. The coupon rate is fixed at 6.75 per cent and Stronghold aims to list bond at a regulated market within 12 months.
Stronghold is a leading provider of real estate advisory, investment and management services in northern Europe, geographically diversified with 700 employees across seven countries. The group consists of three core portfolio companies, each Nordic market leaders in their respective business segments:
Newsec is a leading real estate advisory and asset management firm in Northern Europe
Niam is the largest real estate private equity firm focused on the Northern European region
Datscha is the leading provider of information and analysis of commercial real estate in the Nordic region
“We are very pleased with the strong demand from investors. Through the bond issuance we have further diversified our capital structure, and will continue to support our holdings in their growth plans", says Urban Edenström, CEO and founder of Stronghold Invest AB. Nordic Fixed Income has acted as the sole book runner in the bond issue. Roschier acted as legal advisors.
For further information, please contact:
Niklas Alm, Communication Director, Stronghold Invest AB
Phone +46 (0)708 24 40 88, Email: niklas.alm@stronghold.se
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