By Mary-Katherine Stinson
Lexington, Ky., Dec. 19 – Inin Group AS placed a new NOK 200 million senior secured bond with a three-year tenor, according to a notice.
The new bond will carry a floating interest rate of Nibor plus 800 basis points.
The total potential framework amount under the bond is NOK 300 million due to a NOK 100 million tap frame.
Pareto Securities acted as sole manager and bookrunner in connection with the bond issue.
Net proceeds from the potential bond issue will be employed towards current and future M&A payments, partial repayment of existing revolving credit facilities and general corporate purposes.
Inin, formerly Elop AS, is a Norway-based investment company focused on infrastructure and industry services in the Nordics.
| Issuer: | Inin Group AS
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| Amount: | NOK 200 million
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| Issue: | Senior secured bonds
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| Tenor: | Three years
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| Bookrunner: | Pareto Securities
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| Coupon: | Nibor plus 800 bps
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