Securitas issues a MEUR 500 Eurobond

Rhea-AI Summary

Securitas successfully closes a MEUR 500 Eurobond with a 3.875% coupon and 115 basis points margin, maturing in 2030. Proceeds to refinance existing debt. Joint lead managers include BofA Securities, CIC, Commerzbank, Danske Bank, DNB, and UniCredit.

STOCKHOLM, Feb. 23, 2024 /PRNewswire/ -- Securitas has today successfully closed a MEUR 500 bond in the Eurobond market with maturity in 2030. The coupon was 3.875 percent including a margin of 115 basis points.

The proceeds will mainly be used to refinance existing debt. 

The joint lead managers were BofA Securities, CIC, Commerzbank, Danske Bank, DNB and UniCredit. 

Further information:

Investors: Micaela Sjökvist, Vice President, Investor Relations,
+46 76 116 7443, micaela.sjokvist@securitas.com

The following files are available for download:

https://mb.cision.com/Main/1062/3934748/2624675.pdf

Eurobond_Eng_20240223

View original content:https://www.prnewswire.com/news-releases/securitas-issues-a-meur-500-eurobond-302069851.html

SOURCE Securitas

FAQ

What is the coupon rate for Securitas' MEUR 500 Eurobond?

Securitas' Eurobond has a coupon rate of 3.875%.

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

The joint lead managers were BofA Securities, CIC, Commerzbank, Danske Bank, DNB, and UniCredit.

What is the maturity year for Securitas' Eurobond?

Securitas' Eurobond matures in 2030.

What will the proceeds from the Eurobond issuance be used for?

The proceeds will mainly be used to refinance existing debt.