By Lisa Kerner
Charlotte, N.C., Sept. 30 – LM Group Holding A/S priced its previously announced green bond issuance of NOK 475 million floating-rate senior secured notes due 2020.
The company has swapped the amount into fixed rate euros, according to a news release.
Interest is payable quarterly in arrears on Jan. 8, April 8, July 8 and Oct. 8, beginning on Jan. 8.
Proceeds will be used to fund, in whole or in part, the expansion of the company through projects, including the financing of new plants for the manufacture of wind turbine blades; investments in existing plants that manufacture wind turbine blades; potential acquisitions; and research and development.
The offering is expected to close on Oct. 8.
The green bond benefits from the same guarantees and security as secures LM Group Holding’s existing secured notes due 2019.
LM Group is an independent supplier of rotor blades for wind turbines and is based in Kolding, Denmark.
| Issuer: | LM Group Holding A/S
|
| Issue: | Green bond
|
| Amount: | NOK 475 million
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| Maturity: | October 2020
|
| Coupon: | Floating rate
|
| Settlement date: | Oct. 8
|
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