Coor issues bonds of SEK 1,000 million
Coor Service Management Holding AB (”Coor”) today announces that it has issued senior unsecured bonds in the total amount of SEK 1,000 million. The bonds have a tenor of 5 years and a floating interest rate of three-months STIBOR plus 230 bps. The bond generated strong investor interest and the issue was oversubscribed.
The proceeds will be used towards refinancing of the existing bridge facility.
– The confidence and strong interest shown by credit investors is very positive. We are happy to note that our inaugural issue was significantly oversubscribed, says Mikael Stöhr, President and CEO of Coor.
DNB Markets and SEB have been Joint Bookrunners in the bond issue.
Information, press images, etc. can be found on www.coor.com
For further information please contact Olof Stålnacke, CFO and IR Director, Coor (+46 10 559 59 20, olof.stalnacke@coor.com)
This information is such that is obligated to Coor Service Management Holding AB publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was published, through the agency of the contact person mentioned above, on March 13, 2019 at 15.30 a.m. The arrangers’ target markets are retail, eligible and professional counterparties (all distribution channels).
Coor is a leading provider of facility management services in the Nordic countries, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services (soft FM), property services (hard FM) and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, Equinor, EY, NCC, Politiet (Danish police), Saab, Sandvik, SAS, Telia Company, the Swedish Transport Administration, Vasakronan and Volvo Cars.
Established in 1998, Coor has been listed on the Nasdaq Stockholm exchange since June 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com