Humble Group AB (publ) (the “Company” or “Humble Group”, and together with its subsidiaries, the “Group”) has resolved to issue senior secured bonds in an amount of SEK 700,000,000 (the “Bonds” or the “Bond Issue”) under a total framework amount of SEK 1,500,000,000. The net proceeds from the Bond Issue will be used to partially finance the acquisition of Naty AB, as communicated by the Company on 28 June 2021, as well as to finance future acquisitions and general corporate purposes of the Group.
The Bond Issue was well received by reputable Nordic institutional and private investors and was heavily oversubscribed. The Bonds have a tenor of 4 years and carries an interest rate of 3m Stibor + 8.25 per cent. Settlement is expected to occur on 21 July 2021, conditional upon the bondholders’ approval of the request to amend the terms and conditions of Humble Group’s existing 2021/2024 senior secured bonds with ISIN SE0015243472 in a written procedure, as described in a separate notice of written procedure dated 29 June 2021. The Company intends to list the Bonds at Nasdaq First North Bond Market.
“We are very pleased with the strong interest from the bond market and the investors’ trust in our vision and ability to create long-term value. The bond issue enables us to acquire Naty, a world-leading FMCG-company and brand within environmentally friendly diapers and personal care products, which widens our offering and enforces Humble Group’s position as the leading FMCG-company of the future. The new bond loan provides us with a flexible financing platform, including a SEK 1.5bn framework, and enhanced financial preparedness to continue to execute on our M&A-driven growth strategy” – says Simon Petrén, CEO at Humble Group
Carnegie Investment Bank AB (publ) acted as Sole Bookrunner and financial advisor to the Company and Gernandt & Danielsson Advokatbyrå as legal advisor to the Company.
For further information, please contact:
Simon Petrén, CEO, Humble Group AB
Tel: +46 70 999 94 55
The information in this press release constitutes inside information that Humble Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact person set out above, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.
About Humble Group
Humble Group is a Swedish food-tech and FMCG-group, supplying the next generation of products that are good for people and the planet. Humble targets the segments of foodtech, eco, sustainability and vegan to drive high organic growth, acquisitions and utilize synergies in the different operation entities: Brands, Distribution, Manufacturing and Ingredients and R&D. Humble’s technology solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar-reduced, sustainable and vegan products. For more information visit http://www.humblegroup.se
HUMBLE Group is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE, FNCA Sweden AB is Humble Group’s certified adviser. Tel: 08-528 00 399 E-mail: mailto:firstname.lastname@example.org