Magle Group contemplates issuance of senior secured bonds
Magle Chemoswed Holding AB (publ) (“Magle Group”) has mandated Pareto Securities AB (“Pareto”) to arrange a series of investor meetings commencing on 16 June 2025 to explore the possibility of issuing SEK denominated senior secured floating rate bonds with a tenor of three years and with an initial issue amount of up to SEK 300 million within a framework of SEK 450 million. A capital markets transaction may follow, subject to inter alia market conditions.
The net proceeds from the contemplated bond issue will be used to refinance existing debt and finance general corporate purposes, including investments, acquisitions and capital expenditure.
As part of the preparations for the contemplated bond issue, Magle Group has complied and hereby publishes selected consolidated financial information for the group per 31 March 2025.
As per 31 March 2025, last twelve months’ EBITDA, pro forma for completed acquisitions and run-rate effect of savings from subsequently implemented cost initiatives, amounted to SEK 84 million, and pro forma net debt amounted to SEK 333 million.
Advokatfirman Schjødt acts as legal advisor to Magle Group, Vator Securities acts as financial advisor to Magle Group and Roschier Advokatbyrå acts as legal advisor to Pareto Securities in connection with the bond issue.