26 February 2018
European Lingerie Group AB (publ) (“ELG”) issued on 22 February 2018 a senior secured floating rate bond with a nominal amount of up to EUR 60,000,000 on the Swedish market.
The bond has a 4-year maturity and a floating rate of EURIBOR plus 7.75 per cent per annum prior to an equity listing and 6.25 per cent per annum after an equity listing. The bond loan proceeds will be used for refinancing of existing financial indebtedness and general corporate purposes including acquisitions and investments. ELG will apply for the loan to be listed on NASDAQ Stockholm.
Intertrust (Sweden) AB has been appointed by ELG as agent for the bondholders.