STOCKHOLM, May 12, 2023
/PRNewswire/ -- Loomis AB (publ) has successfully issued
SEK 1,000 million of
sustainability-linked bonds. The bonds are issued with four-year
maturity with maturity date on the 19th of May 2027. SEK 650
million of the new bonds have a floating interest rate of
3-month Stibor plus 1.95 percentage points. And SEK 350 million have a yearly fixed rate coupon
at 4.923%. The proceeds will be used for general corporate purposes
and to refinance loans.
The bonds will be listed on the Nasdaq Stockholm Sustainable
Bond List. The sustainability-linked bonds are issued under Loomis'
recently updated MTN program and under Loomis'
Sustainability-Linked Financial Framework, which is published on
https://www.loomis.com/en/investors/bond-market.
In connection with the new issue, Loomis AB also has bought back
SEK 174 million of the outstanding
bonds with maturity on the 18th of September 2023 (SE0011869932). The price for the
notes was set to 100.095 per cent of the nominal amount per note
and settlement date will be the 19th of May 2023. Loomis will also pay accrued and unpaid
interest from, but excluding, the previous interest payment date
until, and including, the settlement date.
Loomis has linked the sustainability-linked bonds to the outcome
of a sustainability performance target to reduce Loomis' absolute
carbon dioxide emissions with 20 percent by 2025, compared to the
2019 level. Danske Bank and Nordea jointly acted as bookrunners for
this issue.
This press release is also available on the company's website,
www.loomis.com
May 12, 2023
CONTACT:
Kristian Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Jenny Boström
Head of Investor Relations
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
The following files are available for download:
https://mb.cision.com/Main/51/3768952/2057689.pdf
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Loomis has issued SEK
1000 million of Sustainability-Linked Bonds
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SOURCE Loomis AB