Lifco has issued two unsecured bond loans with a tenor of two years within its MTN program (Medium Term Notes).
The bond loans amounted to SEK 750 million, with the first bond loan of SEK 380 million carrying an annual floating rate and the second bond loan carrying an annual fixed rate. The bond loans were issued at a margin of 1.10% against three months STIBOR and the 2 year mid-swap rate, respectively. The bond generated strong investor interest.
The proceeds from the bond issues will be used for refinancing of existing bond loans. Lifco intends to list the new bonds on the corporate bond list of Nasdaq Stockholm.
Danske Bank and SEB acted as lead banks for the issuance.
For more information please contact:
CEO and President Lifco
Media and investor relations manager
Phone +46 730 244 872, e-mail firstname.lastname@example.org
Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end 2021, the Lifco Group consisted of 198 operating companies in 31 countries. In 2021, Lifco reported EBITA of SEK 3.7 billion on net sales of SEK 17.5 billion. The EBITA margin was 21.2 per cent. Read more at www.lifco.se.