By Susanna Moon
Chicago, Aug. 26 – Amasten Holding AB (publ) plans to issue another SEK 175 million of senior floating-rate bonds due June 2019.
Interest on the add-on issue will be Stibor plus 600 basis points, according to a company announcement.
Proceeds will be used for general corporate purposes, including refinancing and financing of potential acquisitions.
ABG Sundal Collier is the financial adviser.
“The issue we carried out in June, we have successfully invested in complementary acquisitions including Harnosand and Åstorp,” David Dahlgren, chief executive officer of Amasten, said in the press release.
“The new bond issue gives us opportunities to continue to grow toward the goal of reaching a portfolio of four billion in 2018.”
The company issued SEK 150 million of the three-year senior floating-rate bonds on June 2 at Stibor plus 600 bps, with a Stibor floor of zero, according to a separate notice.
Amasten will issue a maximum of SEK 500 million of the floaters in the Swedish market.
The company planned to apply to list the bonds on the corporate bond list of Nasdaq Stockholm.
Intertrust (Sweden) AB was the agent.
Amasten, formerly Morphic Technologies AB, is a Stockholm-based real estate company.
| Issuer: | Amasten Holding publ AB
|
| Issue: | Senior floating-rate bonds
|
| Amount: | SEK 175 million
|
| Maturity: | June 2019
|
| Coupon: | Stibor plus 600 bps
|
| Pricing date: | Aug. 26
|
| Original issue date: | June 2
|
| Total size: | SEK 325 million, including SEK 150 million priced on June 2
|
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