Quant issues bond loans totalling EUR 90.5 million
Global maintenance leader Quant AB has issued a senior secured bond loan of EUR 62.5 million maturing in February 2023 and a junior secured bond loan of EUR 28 million maturing in May 2023.
The senior bond loan amounts to EUR 62.5 million and is issued with security in shares of the issuer and certain subsidiaries. It is a five-year bond loan with maturity date in February 2023. The junior bond loan amounts to EUR 28 million and is issued with security in shares of the issuer and certain subsidiaries. The junior bond loan matures in May 2023. The bonds will be listed on NASDAQ Stockholm within twelve months.
The net proceeds from the issues will be used to repay existing bank facility loans as well as for general corporate purposes.
– Refinancing our company in the bond market is an important step for Quant and provides a good structure to continue to grow our business globally, organically as well as through acquisitions, says Olof Sand, President and CEO of Quant AB (publ).
Pareto Securities AS has acted as sole financial advisor in connection with the issue of the bond loans.
Stockholm, 16 February 2018
Quant AB (publ)
For further information, please contact:
Glenn Withers, CFO:
Tel:+46 72 721 06 26
André Strömgren, VP Treasury:
Tel: +46 708 410 796
Quant AB (publ) is a global leader in industrial maintenance. For over 25 years, we have been realizing the full potential of maintenance for our customers. From embedding superior safety practices and building a true maintenance culture, to optimizing maintenance cost and improving plant performance, our people make the difference. We are passionate about maintenance and proud of ensuring we achieve our customers’ goals in the most professional way. The group operates internationally in close to 30 countries world-wide, employing over 2,000 people. The parent company is located in Stockholm, Sweden.
Quant AB (publ) is privately held by Nordic Capital since 2014. For additional information about the group, please visit www.quantservice.com.