27 September 2013

G&D advises in eTRAVELi’s bond issue

G&D advises in eTRAVELi’s, a company owned by Segulah IV L.P., issue of bonds with a value of EUR 80 million within a framework amount of EUR 120 million.

The company eTRAVELi AB (publ), primarily conducting business as an online travel agency, has issued bonds with a value of EUR 80 million with a possibility to issue an additional EUR 40 million if certain financial requirements are met. The company, being one of private equity fund Segulah IV L.P’s portfolio companies, has secured the bond issue through certain share pledges and pledges over intercompany loans. The issue was a private placement directed to Swedish institutional investors. The bond will subsequently be listed at NASDAQ OMX Stockholm.

G&D has advised the company’s financial advisors Nordea Bank AB (publ) and Pareto Securities AB, with a team led by partner Mikael Borg, assisted by partner Candra Torebring and associates Olle Asplund, Adrian Della Morte Pålstam, Richard Ramberg and Marcus Karner.