2 May 2014

Gernandt & Danielsson advises in Nobina’s bond issue

Gernandt & Danielsson advises in Nobina s issue of bonds with a value of SEK 550 million within a framework amount of SEK 660 million.

Nobina Europe AB (publ), a part of the Nobina group – the largest bus passenger transport company in the Nordic region, whose operations include contractual regional traffic in Sweden, Denmark, Norway and Finland, has issued Swedish bonds with a value of SEK 550 million with the possibility to issue additional bonds amounting to SEK 110 million.
The issue proceeds shall be used to refinance the company’s existing bonds and the issue was a private placement directed to selected Swedish and foreign institutional investors, including existing bondholders. The bonds are secured through share pledges in the company’s subsidiaries and the company has undertaken to list the bond at NASDAQ OMX Stockholm.

Gernandt & Danielsson has advised in the bond issue, with a team consisting of the partners Marcus Johansson and Mikael Borg and the associates Adrian Della Morte Pålstam and Filip Widnersson.