By Wendy Van Sickle
Columbus, Ohio, Nov. 10 – EcoOnline AS will issue €150 million of 5.95% notes, with the coupon linked in part to the issuer’s environmental, social and governance performance, according to an announcement.
The notes will mature in December 2025.
Of the total, €35.5 million will be used to fully refinance EcoOnline’s outstanding 9½% senior secured SEK notes, and an additional €114.5 million will be available for financing of acquisitions.
The financing is provided by Ture Invest AB.
The software developer is based in Norway.
| Issuer: | EcoOnline AS
|
| Issue: | Notes
|
| Amount: | €150 million
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| Maturity: | December 2025
|
| Coupon: | 5.95%, partly linked to ESG performance criteria
|
| Announcement date: | Nov. 10
|
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