CTS Group Issues SEK 1.3 Billion in Secured Bonds
Deal News | Dec 12, 2024 | Gernandt & Danielsson Advokatbyr
Gernandt & Danielsson Advokatbyrå has successfully advised on Circular Tire Service Europe Holding AB (CTS Group)'s issuance of secured bonds totaling SEK 1.3 billion. The bond issuance is part of a larger framework totaling up to SEK 2.6 billion. Key financial institutions, including ABG Sundal Collier AB, Pareto Securities AS, and Skandinaviska Enskilda Banken AB (publ), participated as joint bookrunners in coordinating the bond issue. The advisory team from Gernandt & Danielsson was led by partners Mikael Borg and Mikael Bolling, alongside associates Jonathan Antonsson and Einar Brunsberg.
Sectors
- Financial Services
- Legal Services
Geography
- Sweden – The primary activities of the bond issuance and advisory involve Swedish entities such as Gernandt & Danielsson and CTS Group.
Industry
- Financial Services – The article involves the issuance of secured bonds, a financial service, and involves advisory roles from both law and investment banking firms.
- Legal Services – Gernandt & Danielsson Advokatbyrå, a law firm, plays a crucial role in advising the transaction.
Financials
- SEK 1,300,000,000 – The value of the secured bonds issued by CTS Group.
- SEK 2,600,000,000 – The total framework amount for the bond issuance, allowing for future issuances up to this amount.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Circular Tire Service Europe Holding AB | Issuer | Company | Also known as CTS Group, they are the entity issuing SEK 1.3 billion in secured bonds. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | Law firm advising the bond issuance by CTS Group. |
| ABG Sundal Collier AB | Joint Bookrunner | Company | Investment banking firm involved in coordinating the bond issuance. |
| Pareto Securities AS | Joint Bookrunner | Company | Investment banking firm involved in coordinating the bond issuance. |
| Skandinaviska Enskilda Banken AB (publ) | Joint Bookrunner | Company | Investment banking firm involved in coordinating the bond issuance. |
| Mikael Borg | Partner | Person | Partner at Gernandt & Danielsson, part of the advisory team. |
| Mikael Bolling | Partner | Person | Partner at Gernandt & Danielsson, part of the advisory team. |
| Jonathan Antonsson | Associate | Person | Associate at Gernandt & Danielsson, part of the advisory team. |
| Einar Brunsberg | Associate | Person | Associate at Gernandt & Danielsson, part of the advisory team. |