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Placement of a bond tap issue for Cimco Marine AB successfully completed

Press Release   •   Sep 12, 2018 09:40 CEST

Issue amount: SEK 26m

Interest rate: 10,75 % p.a.

Maturity date: 15 February 2021

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The SEK 26m bond tap issue for Cimco Marine AB has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.

The bond issue has an interest rate of 10,75 % p.a. with quarterly payments and maturity date on 15 February 2021.

The transaction proceeds from the bond issue will be used as working capital for production ramp up and transaction costs.

The bonds are secured through business mortgage certificates amounting to 102 MSEK and 455K EUR.

Roschier law firm acted as legal advisors and Intertrust (Sweden) AB as bond trustee. The bonds will be registered through Euroclear Sweden and VPS Norway.

As with the bonds issued in February 2018, Cimco intends to apply for the new bonds to be listed on the Nasdaq First North Bond Market.

JOOL Markets is an independent Nordic investment bank with a leading position in corporate bonds and fixed income instruments within NOK 30-200 million. JOOL Markets is seated in Oslo and employs more than 70 professionals working from our offices in Oslo, Bergen, Gothenburg, Stockholm and Helsinki.

JOOL Markets was established in 2015 and is a part of the JOOL Group.