ABG Sundal Collier acted as joint lead manager for Link Mobility’s EUR 170 million bond tap issue

On 14 June 2021, Link Mobility announced that it had agreed in principal, and was in exclusive negotiations, to enter into a definitive agreement to acquire a leading US based CPaaS provider, to accelerate its strategic expansion into the rapidly growing CPaaS market in North America.
Before signing the definitive agreement, Link Mobility needed certainty of funds and in that connection announced the EUR 170 million tap issue in the already outstanding EUR 200 million senior unsecured bond. In connection with the tap issue, Link Mobility sent a request for a written bondholders’ resolution to temporarily increase the leverage incurrence test from 3.5x to 5.1x and permanently increase the bond framework from EUR 350 million to EUR 370 million.
The tap issue received strong demand from local and international institutional investors and the books was closed on 16 June 2021, well oversubscribed. During the same day, Link Mobility also secured a sufficient majority for its written resolution and Nordic Trustee announced that the waiver was effective.
On 16 June 2021, post close of the bond transaction, Link Mobility announced that it had entered into a definitive agreement to acquire Message Broadcast, a leading provider of mission critical customer engagement solutions to blue chip enterprise customers in the U.S. The acquisition will advance Link Mobility’s position in the U.S. and significantly contribute to the organic growth and profitability of the group.