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Published on 9/7/2021 in the Prospect News High Yield Daily.

New Issue: SGL International places €75 million add-on to 2025 notes at 103.25

Chicago, Sept. 7 – SGL International A/S placed a subsequent bond issue of €75 million of senior secured fixed-rate bonds due 2025 (ISIN: SE0015810759) at 103.25, according to a press release.

The additional notes raise the amount issued in the series to €225 million.

Proceeds will be used for general corporate purposes, including acquisitions, investments and repayment of drawn amounts under the group’s working capital facilities.

Pareto Securities was retained as bookrunner and financial adviser.

The freight forwarding company is based in Denmark.

Issuer:SGL International A/S
Issue:Senior secured notes
Amount:€75 million, add-on
Maturity:2025
Bookrunner:Pareto Securities
Price:103.25
Announcement date:Sept. 7
Total issue size:€225 million
ISIN:SE0015810759

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