SSCP Lager explores issuance of new secured floating-rate notes

Chicago, Nov. 9 – SSCP Lager BidCo AB (publ) (Logent) is contemplating selling up to SEK 1.2 billion new senior secured floating-rate notes with a three-year tenor, according to a press release.

Nordea Bank Abp and Pareto Securities AS have been mandated as joint bookrunners.

Investor meetings are scheduled to start Nov. 13.

The notes would be issued under the company’s SEK 1.8 billion framework.

Proceeds would be used to finance the repurchase price of the SEK 900 million notes due 2024, subject to a conditional tender offer. Proceeds would also be used to finance a shareholder distribution and for general corporate purposes.

Hannes Snellman Attorneys Ltd. acts as legal adviser to the company and Gernandt & Danielsson Advokatbyra KB is working as legal adviser to the joint bookrunners and dealer managers.

SSCP Lager is a parent company of the Logent group and a logistics company based in in Stockholm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.