28 August 2014

Gernandt & Danielsson advises in Diamorph’s bond issue

Gernandt & Danielsson advises in Diamorph’s issue of bonds with a value of SEK 500 million within a framework amount of SEK 800 million.

Diamorph AB (publ), a supplier of advanced material solutions for especially demanding industrial applications, has issued Swedish bonds with a value of SEK 500 million with the possibility to issue additional bonds amounting to SEK 300 million.

The issue proceeds shall be used to refinance the company’s existing SEK 425 million bond and settle outstanding deferred liabilities from the acquisition of the Tenmat group of companies in 2012, which are accelerated by the refinancing. The issue was a private placement directed to selected Swedish and foreign institutional investors, including existing bondholders. The bonds are secured through inter alia share pledges in some of the company’s subsidiaries and the company has undertaken to list the bonds at NASDAQ OMX Stockholm.

Gernandt & Danielsson advised the company and its financial advisers Carnegie Investment Bank AB and Pareto Securities AB with a team consisting of the Partner Mikael Borg, Senior Associate Fredrik Eklund and Associates Marcus Karner and Fredrik Francke-Rydén.

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