ABG Sundal Collier acted as Sole Manager and Bookrunner in connection with the SEK 500 million senior unsecured bond issue by Midstar Hotels AB

Midstar Hotels AB (“Midstar”), a leading hotel property owner in the Nordics owned by the Swedish institutions Alecta, Kåpan, PRI and Riksbankens Jubileumsfond together with Midstar AB, has successfully issued a three-year senior unsecured bond of SEK 500 million. The bonds carry a floating interest rate of 3m STIBOR + 425 basis points with final maturity in February 2025. The net proceeds from the bond issue will be applied towards general corporate purposes, including investments and acquisitions, in line with Midstar’s policy.
The bond issue was well oversubscribed and received strong demand from tier-one Nordic investors as well as from large pan-European asset managers and was subscribed by approximately 30 investors. The bonds will be listed at Nasdaq Stockholm Corporate Bond List.