Verisure eyes €2.42 billion equivalent of euro-, krona-denominated notes due 2027, 2029

By Marisa Wong

Los Angeles, Jan. 13 – Verisure Holding AB announced it intends to offer €1.15 billion of euro-denominated senior secured notes due 2027 and €1.27 billion equivalent of euro- and Swedish krona-denominated senior notes due 2029.

The 2029 notes will be issued through Verisure Midholding AB.

Proceeds, along with drawings under a new senior credit facility, will be used to redeem in full the company’s outstanding senior notes due 2023, to repay in full drawings under its existing senior facilities agreement dated Oct. 15, 2015, to fund a distribution to shareholders and to pay fees and expenses in connection with these transactions and a previously announced consent solicitation.

The security company is based in Malmo, Sweden.

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