Lifco issues two bond loans of in total SEK 1,000 million
Lifco AB (publ) has resolved to issue two unsecured bond loans with a tenor of two years.
The first bond loan amounts to SEK 165 million and carries a floating interest rate of three months STIBOR +0.75% annually with an effective margin of 0.60%. The second bond loan amounts to SEK 835 million and carries a fixed rate of 0.355% annually. The bonds generated strong investor interest and the issues were oversubscribed.
The proceeds from the bond issues will be used for refinancing of existing bank loans. Lifco intends to list the new bonds on the corporate bond list of Nasdaq Stockholm.
SEB and Danske Bank have acted as financial advisors and Vinge has acted as legal advisor to Lifco.
For more information please contact:
Media and investor relations manager
Phone +46 730 244 872, e-mail firstname.lastname@example.org
Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has 133 companies in 26 countries. In 2016, the Group’s net sales amounted to SEK 9 billion and the EBITA margin was 15%. For more information, visit www.lifco.se.