Capital/Financing Update • Mar 8, 2021
Capital/Financing Update
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Box 195 42 SE-104 32 Stockholm Sweden Visiting address: Solnavägen 4, floor 11 Tel: +46 (0)8 464 00 00 www.mekonomen.com
Press release March 8, 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Investor meetings to commence March 9, 2021.
Mekonomen Group has mandated Danske Bank, Nordea and SEB to arrange a series of fixed income investor meetings starting March 9th in order to investigate the prerequisites for issuing a senior unsecured bond. The objective of such transaction is to extend the debt maturity profile and increase financing diversification.
Subject to the prevailing market conditions, a senior unsecured 5-year SEK benchmark bond issue may follow. The proceeds from such a bond issue will be used towards refinancing existing bank debt and general corporate purposes.
For further information, please contact:
Pehr Oscarson, President and CEO Mekonomen Group Telephone: +46 (0)8 464 00 00, Email: [email protected]
Åsa Källenius, CFO Mekonomen Group Telephone: +46 (0)8-464 00 00, Email: [email protected]
Fredrik Sätterström, IRO Mekonomen Group Telephone: +46 (0)70 510 10 22, Email: [email protected]
Mekonomen Group consists of northern Europe's leading car service chains divided into four business areas; FTZ, Inter-Team, MECA/Mekonomen and Sørensen og Balchen. With our own wholesale operations, more than 470 stores and almost 3,600 workshops under the Group's brands, we offer a wide and easily accessible range of affordable and innovative solutions and products for workshops and car owners.
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