16 September 2014

Gernandt & Danielsson advises in Nordlys’ bond issue

Gernandt & Danielsson advises in Nordlys’ issue of bonds to a value of SEK 750 million.

The real estate development company Nordlys AB (publ) has issued Swedish bonds to a value of SEK 750 million.

The proceeds from the bond issue shall be used to refinance existing debt of the group and for general corporate purposes. The bond issue was a private placement directed to Swedish and foreign institutional investors. Share pledges over some of the issuer’s subsidiaries and pledges over mortgage certificates have, inter alia, been granted as security for the issuer’s obligations under the terms and conditions for the bonds. The company has undertaken to list the bonds at NASDAQ OMX Stockholm.

Gernandt & Danielsson advised the company’s financial advisor ABG Sundal Collier AB with a team consisting of the Partners Mikael Borg and Candra Torebring as well as Senior Associate Sofie Viktorsson and Associates Richard Ramberg, Fredrik Francke-Rydén and Helén Landenberg.

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