Autocirc issues subsequent bonds of SEK 130mAutocirc Group AB (publ) (the "Company") has issued SEK 130,000,000 of subsequent bonds under the Company's existing 2022/2025 senior secured callable floating rate bond loan with a total framework of SEK 1,500,000,000 with ISIN: SE0017885916 (the "Bond Loan"). Following the subsequent bond issue, a total of SEK 1,130,000,000 will be outstanding under the Bond Loan. The net proceeds from the subsequent bond issue will be used for general corporate purposes. The subsequent bonds are issued at a price of 104 percent of the nominal amount.
Carnegie and Nordea acted as Joint Bookrunners in the transaction and White & Case acted as legal advisor to the Company.
For further information, please contact:
Gunilla Andersson, CFO Autocirc Group
E-mail: [email protected]
Phone: +46 (0)722 184736
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THE SECURITIES MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. NO PUBLIC OFFERING WILL BE MADE IN THE UNITED STATES AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.
The following documents can be retrieved from beQuoted
Press-Release-Autocirc-October-3-2023.pdf Autocirc works for a circular transition in the automotive industry. We ensure that used car parts get back on the road again - or that materials and components can be used in completely different products and contexts. By moving from new production to reuse, remanufacturing, repurpose and recycling of car parts, we are making the second-hand market the first choice. A sustainable choice for a smarter automotive industry and a better alternative, also for the next generation.
Autocirc was founded in 2019 and is growing rapidly. Today, the group consists of 52 companies with over 900 employees and operates in Sweden, Norway, Finland, the UK, Poland, Germany and France.
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