Norway's Axactor mandates Arctic Securities, DNB and Nordea to lead €300 million five-year deal

By Paul A. Harris

Portland, Ore., Aug. 25 – Axactor SE mandated Arctic Securities, DNB Markets and Nordea as joint lead managers for its proposed €300 million offering of five-year senior notes (Ba3/B), according to market sources.

Pending market conditions, the deal is set to be shopped by means of telephone conversations with fixed-income investors beginning on Monday.

The Oslo-based debt collector plans to use the proceeds to repay debt and for general corporate purposes.

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