Chicago, May 12 – Lassila & Tikanoja plc issued €75 million of 3.375% six-year sustainability-linked notes, according to a press release.
The notes priced at 99.882.
Demand was strong in the Nordics, the company said.
Proceeds will be used for the partial repurchase of the company’s outstanding €50 million notes due 2023 and for general corporate purposes.
Danske Bank A/S is the lead manager and the sole sustainability structuring adviser.
Application will be made for the new notes to be listed on the Nasdaq Helsinki Ltd.
Lassila & Tikanoja is a Helsinki, Finland-based service company that offers environmental management and maintenance services.
| Issuer: | Lassila & Tikanoja plc
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| Amount: | €75 million
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| Issue: | Sustainability-linked notes
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| Maturity: | May 19, 2028
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| Bookrunners: | Danske Bank A/S
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| Sustainability adviser: | Danske Bank A/S
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| Coupon: | 3.375%
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| Price: | 99.882
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| Announcement date: | May 12
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