By Susanna Moon
Chicago, Aug. 27 – Diamorph AB said it plans to issue SEK 500 million of 7% five-year senior secured corporate bonds within a framework amount of SEK 800 million on the Swedish market.
Proceeds will be used to refinance the company’s SEK 425 million bond and settle outstanding deferred liabilities from the acquisition of the Tenmat group of companies in 2012, which are accelerated by the refinancing, according to a company notice.
The company said it plans to list the bonds on Nasdaq OMX Stockholm.
Carnegie Investment Bank and Pareto Securities are the financial advisers.
Diamorph is a Stockholm-based company that supplies advanced material solutions for especially demanding industrial applications. The company has units in England and the Czech Republic.
| Issuer: | Diamorph AB
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| Issue: | Senior secured corporate bonds
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| Amount: | SEK 500 million
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| Maturity: | September 2019
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| Coupon: | 7%
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| Financial advisers: | Carnegie Investment Bank and Pareto Securities
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| Announcement date: | Aug. 27
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