Issue amount: SEK 115 M
Fixed interest rate: 10 % p.a.
Maturity: 24 months (with a 6-month extension option)
The SEK 115 M bond issue for Trinitas Fastigheter AB has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue.
The bond, maturing in January 2020, bears a fixed coupon of 10 per cent p.a. with quarterly interest payments. The bond is secured through first priority pledge over 100 % of the shares in the Issuer and its subsidiaries, first priority pledge over downstream loan of approx. SEK 102,5 M and parent company guarantee from Revviken AB.
The transaction proceeds will be used for debt refinancing, acquisition financing and transaction costs.
Roschier law firm acted as legal advisors and Intertrust (Sweden) AB as bond trustee. The bonds will be registered through Euroclear Sweden (SEK and EUR bonds) and VPS Norway (NOK bonds).
JOOL is an international investment bank focusing on corporate bonds and other high yield investments. With the power of global distribution and over 150 partners worldwide, JOOL is the market leader in Nordic SEK 30–200 m corporate bonds. Headquartered in Gothenburg, Sweden, JOOL also has offices in Oslo, Stockholm, Bergen, Helsinki, Singapore and Abu Dhabi.