BEWi places a four-year senior secured bond loan of EUR 75 million

BEWi places a four-year senior secured bond loan of EUR 75 million

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On 22 March 2018, BEWi Group AB (publ) (“BEWi”), announced that it, through a Dutch wholly-owned subsidiary, had entered into a share purchase agreement to acquire all the shares in Synbra Holding B.V. (“Synbra”) with certain funds managed by Gilde Buy Out Partners (“Gilde”) and its co-investors as sellers. Completion of the acquisition is subject to financing and regulatory approval.

BEWi further announced on 22 March 2018 that it will assess the preconditions for a bond issuance in an expected initial amount of EUR 75 million to finance the acquisition of Synbra.

Today, BEWi has successfully placed a senior secured bond loan in an amount of EUR 75 million under a framework of EUR 100 million due in April 2022. The new bonds will share security and rank pari passu with with BEWi’s existing SEK 550 million senior secured bonds due 2020. The interest rate for the new bonds is Euribor 3m + 4.75 per cent. BEWi intends to list the new bonds on the corporate bonds list at Nasdaq Stockholm.

The proceeds will be used to finance the acquisition of Synbra in part and transaction costs, refinancing in part of Synbra’s existing financing and general corporate purposes.

Nordea Bank AB (publ) has acted as financial advisor and Sole Bookrunner for the bond issue. Advokatfirman Lindahl KB has acted as legal advisor to BEWi and Roschier Advokatbyrå AB has acted as legal advisor to the Sole Bookrunner.

For further information, please contact:
Christian Bekken, CEO, BEWi Group. Tel: +47 905 55 141
Marie Danielsson, CFO, BEWi Group. Tel: +46 70 661 00 47

The information is such that BEWi Group AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact persons set out above, at 4 p.m. CET on 12 April 2018.