Kährs Secures SEK 1,450 Million in Bond Issue
Deal News | Nov 29, 2024 | Gernandt & Danielsson Advokatbyr
Gernandt & Danielsson Advokatbyrå has provided advisory services for Kährs BondCo AB (publ) in the issuance of secured bonds amounting to SEK 1,450 million within a framework of SEK 2,500 million. This initiative also encompassed advice on Kährs' tender offer and the early redemption of existing bonds that were set to mature between 2021 and 2026. Nordea Bank Abp, Pareto Securities AS, and DNB Markets (a part of DNB Bank ASA, Sweden Branch) were joint bookrunners for the bond issue and served as dealer managers for the tender offer. Gernandt & Danielsson’s advisory team was led by partners Mikael Borg and Mikael Bolling, alongside associates Jonathan Antonsson and Einar Brunsberg.
Sectors
- Corporate Finance
- Legal Services
- Banking and Financial Services
Geography
- Sweden – Kährs BondCo AB and the Sweden branch of DNB Markets are involved, making Sweden a significant geography in the article.
Industry
- Corporate Finance – The article is focused on bond issuance, tender offer, and redemption processes, which are key activities within corporate finance.
- Legal Services – Gernandt & Danielsson, a law firm, is involved in providing legal advisory services for the bond issuance and tender offer transactions.
- Banking and Financial Services – Nordea Bank, Pareto Securities, and DNB Markets participated as joint bookrunners and dealer managers, making this sector relevant.
Financials
- SEK 1,450 million – Total amount raised by Kährs through the issuance of secured bonds.
- SEK 2,500 million – The framework amount within which the secured bonds were issued.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kährs BondCo AB | Target | Company | A company engaging in the issuance of secured bonds and redemption of outstanding bonds. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | A law firm providing advisory services for the bond issuance and redemption. |
| Nordea Bank Abp | Joint Bookrunner | Company | A financial services group acting as a joint bookrunner for the bond issue. |
| Pareto Securities AS | Joint Bookrunner | Company | An investment bank acting as a joint bookrunner for the bond issue. |
| DNB Markets (a part of DNB Bank ASA, Sweden Branch) | Joint Bookrunner | Company | The investment banking division of DNB Bank, acting as a joint bookrunner and part of the deal management. |
| Mikael Borg | Partner | Person | Partner at Gernandt & Danielsson, involved in the advisory process. |
| Mikael Bolling | Partner | Person | Partner at Gernandt & Danielsson, involved in the advisory process. |
| 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. |