By Mary-Katherine Stinson
Lexington, Ky., Sept. 30 – Dentalum Operations AB issued SEK 100 million 7¾% senior secured bonds (ISIN: SE0013914462) with a maturity date in October 2023, according to a company announcement.
The bonds priced at 104 for an effective yield of 5.67%.
The issue was oversubscribed.
The bonds were issued under an existing SEK 600 million framework. This new issue brings the company’s total issuance under the framework to SEK 400 million.
Pareto Securities AB and Swedbank AB were the arrangers and joint bookrunners.
The proceeds of the new issue, combined with an injection of SEK 35 million of equity, will be used to fund the acquisition of three companies operating five dental clinics and for general corporate purposes.
Dentalum is a Nordics dental service company based in Stockholm.
| Issuer: | Dentalum Operations AB
|
| Amount: | SEK 100 million
|
| Maturity: | October 2023
|
| Bookrunners: | Pareto Securities AB, Swedbank AB
|
| Counsel to issuer: | Gernandt & Danielsson Advokatbyra KB
|
| Coupon: | 7¾%
|
| Price: | 104
|
| Yield: | 5.67%
|
| Total issuance: | SEK 400 million
|
| ISIN: | SE0013914462
|
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