ABG Sundal Collier acted as joint bookrunner for Triton-owned Force BidCo A/S (FairWind), in connection with their EUR 75 million senior secured sustainability-linked bond issue

Force BidCo A/S (“FairWind”) is a leading global provider of solutions for installation, maintenance and services of onshore and offshore wind turbines. FairWind has worked in more than 40 countries and cooperates with over 2,200 technicians to manage customers’ projects globally. Since 2021, FairWind has been owned by Triton’s Smaller Mid-Cap Fund II.
The senior secured sustainability-linked bonds will have a 4-year tenor and carry a floating rate coupon of 3m EURIBOR + 7.50% p.a. The proceeds from the EUR 75 million bond issue will be used to fully redeem FairWind’s existing bonds (2021/2026) and repay other existing debt. The bonds will be listed on the sustainable bond list of Nasdaq Stockholm and Nasdaq Transfer Market.