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Lifco — Capital/Financing Update 2015
Mar 26, 2015
2939_rns_2015-03-26_e0fab35e-d2d9-4571-8721-adbb4c1bd365.pdf
Capital/Financing Update
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PRESS RELEASE March 26, 2015
LIFCO ISSUES BOND LOANS OF MSEK 1,050
Lifco AB (publ) has resolved to issue unsecured bonds with a tenor of three years.
The bonds amount to a total of MSEK 1,050, of which MSEK 700 carries a floating rate of 3 months STIBOR +1.05 per cent per annum, and MSEK 350 carries a fixed rate of 1.11 per cent per annum. The bonds generated strong investor interest and the issues were oversubscribed.
The proceeds from the bond issues will be used for refinancing of existing bank loans. Lifco intends to list the bonds at the regulated market of Nasdaq Stockholm.
SEB has acted as financial advisor and bookrunner, and Vinge has acted legal advisor to Lifco.
For more information please contact:
Fredrik Karlsson CEO Phone +46 730 244 872 E-mail [email protected]
Åse Lindskog Media and investor relations manager Phone +46 730 244 872 E-mail [email protected]
About Lifco
Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has 106 companies in 28 countries. In 2014, the Group's net sales amounted to SEK 6.8 billion and the EBITA margin was 14.2%. For more information, visit www.lifco.se.
This information is made public March 26, 2015, at 08.00am CET according to the Securities Market Act, the Financial Instruments Trading Act and/or the regulations of the Nasdaq Stockholm.