The notes have a floating interest rate of Stibor 3m + 600 basis points with a final maturity date on 2 February 2021. Notes may be issued up to a total maximum amount of SEK 600 M. The initial notes issue amounts to SEK 400 M. The Company intends to apply for listing of the notes on Nasdaq Stockholm.
The proceeds from the contemplated notes issue will be used for refinancing of outstanding financial indebtedness and general corporate purposes.
“The bond issue will provide a platform for flexible financing and opens up for new investors in RNB Retail and Brands”, says Magnus Håkansson CEO.
Danske Bank acted as financial adviser in connection with the issue of notes.