Humble Group AB (publ) (“Humble” or the “Company”) has resolved to issue SEK 500,000,000 of subsequent bonds (the “Subsequent Bonds” or the “Issue”) under its 2021/2025 senior secured bond loan (ISIN: SE0016273742) with a framework of SEK 1,500,000,000 (the “Bond Loan”). Following the Issue, the total amount outstanding under the Bond Loan is SEK 1,200,000,000. The issue proceeds will contribute to maintained financial flexibility for future acquisitions, as described in the Company’s press release published on 23 September 2021.
The Issue received strong interest from Nordic institutional investors and was heavily oversubscribed. The Subsequent Bonds are issued at a price of 104% of the nominal amount, which corresponds to a cost of funding of 3m Stibor + 7.07% to maturity.
Settlement is expected to occur on 5 October 2021 and the Company intends to list the Subsequent Bonds at Nasdaq First North Bond Market.
“We are very pleased to have secured new debt financing at favorable terms. The bond issue provides us with a flexible financial platform to support our future growth agenda”, says Simon Petrén, CEO.
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 additional information, please contact:
Simon Petrén, CEO, Humble Group AB
Tel: +46 70 999 94 55
The information was sent for publication, through the agency of the contact persons set out above, at the time stated by Humble’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 www.humblegroup.se
Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE
FN Sweden AB is Humble’s certified adviser. Tel: 08-528 00 399 E-mail: firstname.lastname@example.org