Pamica Group AB (publ) (“Pamica” or the “Company”) has successfully issued senior secured bonds in the total nominal of SEK 1,200 million under a framework amount of SEK 2,000 million (the “Bonds”). The Bonds have a term of three years and carry a floating interest rate of 3-month STIBOR plus 550 basis points. The net proceeds from the bond issue will be used to repay certain existing debt and for general corporate purposes, including acquisitions. The transaction received strong demand from reputable Nordic institutional investors, resulting in the issue being oversubscribed.
“We are proud to have successfully issued our first bond. The positive reception in the market confirms investors' confidence in our business and future growth journey. By diversifying our capital structure with this bond, we are well-positioned for continued growth and development,” says Jan-Olof Svensson, CEO of Pamica.
Pamica intends to apply for admission to trading of the bonds on Nasdaq Transfer Market, to subsequently be listed on Nasdaq Stockholm within 12 months.
Carnegie Investment Bank AB (publ) and Nordea Bank Abp (publ) acted as Joint Bookrunners in connection with the issuance of the Bonds. Gernandt & Danielsson Advokatbyrå AB acted as legal advisor to the Joint Bookrunners and Unge Advokat AB as legal advisor to Pamica.