Securitas issues 7-year Eurobond

Rhea-AI Summary

Securitas has successfully issued a EUR 350 million Eurobond as part of its EUR 4 billion EMTN program on Feb. 22, 2021. The bond features a coupon rate of 0.250% and will mature on Feb. 22, 2028. Proceeds from this issuance will be utilized to refinance existing credit facilities and for general corporate purposes. Joint lead managers for the bond included BBVA, Citi, ING, KBC, and SEB.

Positive

• Successful issuance of EUR 350 million Eurobond enhances financial flexibility.
• Low coupon rate of 0.250% indicates favorable borrowing costs.

Negative

• None.

STOCKHOLM, Feb. 22, 2021 /PRNewswire/ -- Securitas, the world's leading intelligent protective services partner, has issued a Eurobond of EUR 350 million in a 7-year deal under its existing EUR 4 billion EMTN (Euro Medium Term Note) program.

The coupon rate was set at 0.250 percent and the maturity date is February 22, 2028. The proceeds will be used to refinance existing credit facilities and for general corporate purposes. The joint lead managers were BBVA, Citi, ING, KBC and SEB. 

This press release is also available at: www.securitas.com  

Further information:

Investors: Micaela Sjökvist, Head of Investor Relations +46 76 116 7443; micaela.sjokvist@securitas.com  
Media: Helena Andreas, SVP Communications & People +46 10  470 30 20; press@securitas.com  

Securitas is your intelligent protective services partner. We base our protective services on customer-specific needs through different combinations of on-site, mobile and remote guarding, electronic security, fire and safety and corporate risk management. Everywhere from homes to airports, our 355 000 employees are making your world a safer place.

 This information was brought to you by Cision http://news.cision.com

https://news.cision.com/securitas/r/securitas-issues-7-year-eurobond,c3293173

The following files are available for download:

https://mb.cision.com/Main/1062/3293173/1376945.pdf

Release

 

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SOURCE Securitas

FAQ

What is the amount of the Eurobond issued by Securitas?

Securitas issued a Eurobond of EUR 350 million.

What is the maturity date of Securitas' Eurobond?

The Eurobond matures on February 22, 2028.

What will Securitas use the proceeds from the Eurobond for?

The proceeds will refinance existing credit facilities and support general corporate purposes.

What is the coupon rate of the Eurobond issued by Securitas?

The coupon rate is set at 0.250%.

Who were the joint lead managers for Securitas' Eurobond issuance?

The joint lead managers included BBVA, Citi, ING, KBC, and SEB.