By Rebecca Melvin
Concord, N.H., June 2 – Mercell Holding ASA priced a SEK 500 million tap of its SEK 1.1 billion outstanding five-year senior secured bonds (ISIN: NO0010907876) at 103, according to a notice.
ABG Sundal Collier and Pareto Securities were joint lead managers of the offering.
The proceeds from the tap and from a private placement announced on Tuesday will be used to fund the Cloudia Oy acquisition by the company’s subsidiary, Mercell MidCo AS, and for general corporate purposes.
The Oslo-based company provides a Software-as-a-Service platform for electronic submission of public tenders.
| Issuer: | Mercell Holding ASA
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| Issue: | Secured bond add-on
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| Amount: | SEK 500 million
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| Maturity: | Five years
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| Bookrunners: | ABG Sundal Collier and Pareto Securities
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| Price: | 103
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| Settlement date: | June 7
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| Total deal size: | SEK 1.6 billion
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