5/25/2018 6:30 PM Ahlsell issues bond loan totalling MSEK 750
Ahlsell AB (publ) has today finalised a first issue of an unsecured bond with a total amount of MSEK 750 and a tenor of four years. This within the framework in the recently established MTN Programme.
The bond loan carries a floating interest rate of three months STIBOR +2.00%. The interest for the issue was very high and the transaction was oversubscribed.
The proceeds will be used to refinance parts of existing debt and for general business purposes. Ahlsell will apply for the new bond to be listed on Nasdaq Stockholm's Corporate Bond List.
DNB and SEB have been financial advisors in connection with the bond issue.
For further information please contact: Karin Larsson, Head of IR and external communications
+46 8 685 59 24, firstname.lastname@example.org
Filip Berggren, Group Treasurer
+46 8 685 70 14, email@example.com
Kennet Göransson, CFO
+46 8 685 7040, firstname.lastname@example.org
Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of over SEK 28 billion and about 97 percent of revenue is generated in the three main markets of Sweden, Norway and Finland. With about 5,600 employees, more than 230 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional!
Press release, May 25, 2018