Coor successfully issues senior unsecured bonds of SEK 1,000 million
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Coor Service Management Holding AB (“Coor”) announces today that it has successfully placed new senior unsecured bonds (the “New Bonds” and the “Bond Issue”, respectively) in an initial aggregate amount of SEK 1,000 million.
The Bond Issue comprises SEK 500 million senior unsecured bonds issued with a tenor of three years and which will carry a floating interest of STIBOR 3m plus 190 basis points per annum and SEK 500 million senior unsecured bonds issued with a tenor of five years and which will carry a floating interest of STIBOR 3m plus 230 basis points per annum. The settlement date of the Bond Issue is expected to occur on 21 February 2024. The Bond Issue saw strong demand from a broad base of Nordic and international institutional investors and was significantly oversubscribed. Coor intends to apply for admission to trading of the New Bonds on the corporate bond list of Nasdaq Stockholm.
DNB Markets, a part of DNB Bank ASA, Sweden Branch and Skandinaviska Enskilda Banken AB (publ) acted as joint bookrunners in connection with the Bond Issue. Mannheimer Swartling acted as legal advisor.
Please find more information at www.coor.com or contact:
Andreas Engdahl, CFO and IR Director, Coor
+46 10 559 54 63
Magdalena Öhrn, Communications Director, Coor
+46 10 559 55 19
About Coor:
As the leading provider of facility management services, Coor aims to create the happiest, healthiest, and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing, and streamlining our customers’ service activities. This enables our customers to do what they do best.
Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, Aibel, Alleima, the Danish Building and Property Agency, DNV, DSB, Equinor, ICA, IKEA, Karolinska University Hospital in Solna, PKA - “Danish Police, Public Prosecution Authority and Prison and Probation Service”, PostNord, Saab, SAS, Skanska, Swedbank, Telia Company, Vasakronan and Volvo Cars.
Coor was founded in 1998 and has been listed on Nasdaq Stockholm since 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