By Marisa Wong
Los Angeles, Jan. 31 – Nortal placed a €50 million senior secured bond issue with a five-year maturity and a margin of 3.15%, according to a press release.
The international bond issue attracted significant interest and was heavily oversubscribed, the company said.
The bond was mainly subscribed by institutional investors from the Nordics and Continental Europe.
Proceeds will be used to refinance an existing bond and to support expansion efforts in North America, the United Kingdom and the DACH region.
For the bond issue, Pareto Securities acted as global coordinator and bookrunner, and the bonds agent is Nordic Trustee Oy.
Nortal is an IT service management company based in Tallinn, Estonia.
| Issuer: | Nortal
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| Amount: | €50 million
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| Issue: | Senior secured bonds
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| Maturity: | Five years
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| Bookrunner: | Pareto Securities
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| Agent: | Nordic Trustee Oy
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| Coupon: | 3.15%
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