Article
ABG Sundal Collier acted as sole manager and bookrunner for BIG Travel in connection with their SEK 150 million three-year senior secured bond issue
Transactions
Taptravel Nordic AB (publ) (“BIG Travel” or “BIG”), Sweden’s largest online tech-enabled disruptor within public sector and corporate travelling, has successfully issued three-year senior secured bonds in a total nominal amount of SEK 150 million.
The transaction received strong interest from Nordic and international institutional investors and the book was significantly oversubscribed. The net proceeds will be applied towards refinance existing debt and fund working capital to meet strong customer demand.