Åmål, Sweden, 29 November 2018
Swedish Electromagnet Invest AB (publ) (the “Company”) has issued senior secured notes in an amount of SEK 350 million, within a framework amount of SEK 500 million, due in December 2022. The note loan has a floating rate of 3 months STIBOR plus 7.50 per cent. per year (quarterly payments in arrears).
The net proceeds from the note issue will be used towards the acquisition of Swedish Electromagnet Holding AB, refinancing of existing debt and for general corporate purposes of the group. The issue date for the notes is expected to be 10 December 2018. The notes will initially be listed on the corporate bond list of Frankfurt Stock Exchange Open Market and within one year from the first issue date be replaced with a listing at Nasdaq Stockholm.
Pareto Securities AB and Swedbank AB (publ) have acted as joint bookrunners in the transaction and Gernandt & Danielsson Advokatbyrå has acted as legal advisor.
For further information, please contact:
| Tom Gustavsson, CEO | Cicilia Ax, CFO | |
| Tel: +46 532 61105 | Tel: +46 532 61134 | |
| E-mail: tom.gustavsson@sem.se | E-mail: cicilia.ax@sem.se |