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Novedo has successfully issued subsequent bonds in an amount of SEK 250 million under its existing framework

Regulatory information
Stockholm, February 21, 2023 (17:00 CET)

Novedo Holding AB (publ) (”Novedo” or the “Company”) has successfully issued subsequent senior secured bonds (the “Bonds”) in an amount of SEK 250 million under the Company’s existing bond framework 2021/2024 of maximum SEK 1,500 million with ISIN: SE0017070980. Following the issue of the Bonds, the outstanding amount under the framework will have increased to SEK 1,250 million.
The Bonds carry a floating interest rate of 3m STIBOR + 650 basis points and were placed at a price of 96.00% of par. The transaction was mainly subscribed by Nordic and European institutional investors.

The net proceeds from the Bonds will be used to finance acquisitions and the Company intends to list the Bonds on the Corporate Bond List of Nasdaq Stockholm.

In connection with the issue of the Bonds, Novedo's largest owner, Esmaeilzadeh Holding AB (publ), has committed to provide SEK 100 million in a subordinated shareholder loan, with maturity after the bonds.

ABG Sundal Collier AB and Pareto Securities AB acted as joint arrangers and bookrunners in the transaction. Gernandt & Danielsson acted as legal advisor.