June 28, 2013 - Assignment

Bravida issues secured notes for SEK 3.2 billion

Bravida, a Scandinavian supplier of technical installation and service solutions, has successfully issued notes for a total amount of approximately SEK 3.2 billion. The net proceeds from the offering, comprising €225 million and SEK 1.3 billion of senior secured floating rate notes due 2019 at an issue price of 100.0%, will be used to refinance existing credit facilities and for general corporate purposes.

Morgan Stanley, Handelsbanken Capital Markets, Svenska Handelsbanken, and Nordea acted as initial purchasers for the issue with Mannheimer Swartling as their legal adviser. The firm’s team, led by Olof Stenström, included among others Veronica Stiller, Bita Pourmotamed, Emma Nilsson, Alexandra Dahlén Jonason and David Nordenlöw.