ABG Sundal Collier acted as joint bookrunner to XPartners, backed by Axcel, in connection with their inaugural SEK 3,000m bond issue

XPartners Samhällsbyggnad AB (publ) (“XPartners”), is a leading provider of multidisciplinary engineering advisory services, including project management, engineering & design and other specialised services for both public and private clients across the Nordics. XPartners, backed by Axcel, has successfully issued an inaugural SEK 3,000 million senior secured bond with a tenor of 4 years. Net proceeds from the bond issue will be used to refinance existing debt, finance add-on acquisitions, and general corporate purposes.
The bond issue received exceptional demand from high quality institutional investors and the transaction was substantially oversubscribed resulting in an upsize. The senior secured bonds will have a coupon of 3m STIBOR + 5.5% p.a. and will be MTF listed within 60 days and Nasdaq Stockholm listed within 12 months.