VH Holding taps banks ahead of NOK 2 billion secured bond offering

Portland, Ore., June 15 – Norway-based VH Holding mandated DNB Markets and Nordea to arrange a series of fixed income investor meetings starting Tuesday, according to a company press release.

A NOK 2 billion publicly rated senior secured bond issue with a five-year tenor and a floating rate may follow, subject to market conditions.

The co-issuer will be special purpose vehicle NG Bidco AS.

VH Holding is the parent of Norsk Gjenvinning, a provider of environmental and recycling services.

Proceeds will be used to refinance an acquisition facility, to partially refinance the VH Holding bonds due July 2019 and for general corporate purposes.

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