28 March 2014

Gernandt & Danielsson advises in Kährs’ bondholders’ meeting and bond issue

Gernandt & Danielsson advises in Kährs’ bondholders’ meeting by way of procedure in writing and issue of bonds with a value of SEK 225 million

Kährs Holding AB (publ), a world’s leading wood and resilient floor manufacturer, has issued bonds with a value of SEK 225 million. The issue was a private placement directed to institutional investors. The bonds have been issued within a framework amount of SEK 750 million and, up to the present, SEK 725 million have been issued in total. The bond loan is already admitted to trading on the Corporate Bond List at NASDAQ OMX Stockholm.

In connection with the bond issue, Kährs intend to make a repayment of shareholder loans and a dividend to the shareholders of totally SEK 350 million. The issue as well as the repayment and the dividend have been approved by the bondholders at a bondholders’ meeting by way of procedure in writing. A consent fee has been paid to the bondholders registered in the debt register on the record date for the bondholders’ meeting.

Gernandt & Danielsson has advised the company and its financial advisor Pareto Securities AB, with a team consisting of the partner Mikael Borg and the associate Adrian Della Morte Pålstam.

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