Opus Group AB (publ) ("Opus Group" or the "Company") has successfully issued
senior unsecured bonds in the amount of SEK 500 million pursuant to a bond frame
of up to SEK 800 million. The bonds, maturing in May 2021, will bear a floating
coupon of 3 months Stibor + 4.75 % (paid quarterly). The proceeds from the
transaction are to be used to finance the Company’s continued expansion and to
repay the majority of the Company’s remaining bank debts.
The oversubscribed bond issue was placed among predominantly Nordic investors
with additional demand from continental Europe and added several new investors
to Opus Group.
"We issue a new corporate bond to finance Opus Group’s continued expansion and
to repay the majority of the Company’s remaining bank debts. We see interesting
business opportunities going forward and the restructuring of our financing will
better enable the Company to take advantage of these potential growth
opportunities" says Magnus Greko, President and CEO of Opus Group.
Pareto Securities acted as financial advisor to Opus Group.
Mölndal, Sweden, May 19, 2016
Opus Group AB (publ)
For additional information, please contact
Magnus Greko
President and CEO
Phone: 46 31 748 34 00
E-mail: magnus.greko@opus.se
Linus Brandt, CFO
Tel: +46 72 244 09 05
E-mail: linus.brandt@opus.se
Peter Stenström
Investor Relations
Phone: 46 765 25 84 93
E-mail: peter.stenstrom@opus.se
Jonas Karlsson, Partner – Debt Capital Markets, Pareto Securities AB
Phone: 46 708 17 78 88
E-mail: jonas.karlsson@paretosec.com
Opus Group is a leading innovative technology focused growth company in the
vehicle inspection market. The company has a strong focus on customer service
and innovative technology within IT, emission testing and vehicle communication.
The Group had SEK 1,650 million in revenues in 2015 with strong operating cash
flow and good operating profitability.With over 1,500 employees, Opus Group is
headquartered in Mölndal in the Gothenburg region of Sweden and has 25 regional
offices, 20 in the United States and the others in Stockholm, Peru, Chile,
Mexico and Pakistan. Opus Group has production facilities in the U.S. in
Hartford and Ann Arbor. The Opus Group share is listed on Nasdaq Stockholm.
