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Björn Borg issues five-year, SEK 200 million bond loan
Friday, 30 March 2012
Björn Borg issues a five-year senior unsecured bond loan of SEK 200
million. The offer was fully subscribed after broad interest from both
private individuals as well as institutional investors. The bonds have
a coupon of three-month STIBOR plus 3,25% and mature in April 2017.
Björn Borg will apply for a listing of the bonds on NASDAQ OMX
Stockholm.
“The capital raised will lead to an increased financial flexibility and
preparedness for the future development of Björn Borg and our growth
ambitions within both current as well as future projects. At the same
time, the proceeds from the bond loan provide us with increased
capacity to maintain a high and stable dividend level until the annual
additional consideration for the acquisition of the trademark Björn
Borg terminates in 2016,” says Chairman of the Board Fredrik Lövstedt.
Carnegie Investment Bank has served as advisor and arranger in
connection with the issue, and Advokatfirman Cederquist has been legal
advisor.
Based on a press release
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