ABG Sundal Collier acted as Sole Manager in connection with the EUR 35m senior secured bond by Zalaris ASA

Zalaris ASA, listed on Oslo Børs, has successfully completed the issuance of EUR 35 million senior secured bonds, with a EUR 70 million borrowing limit. The bond issue received strong demand from high quality institutional investors. Settlement is expected to be 28 September 2018, with final maturity 28 September 2023. The bond has a floating coupon of 3m EURIBOR + 4.75% p.a. An application will be made for the bonds to be listed on Oslo Børs. Net proceeds from the bond issue will be used to redeem outstanding long term bank debt in full and certain other minor debt items, as well as to finance the company’s growth strategy.
About Zalaris ASA
Zalaris’ mission is to help our clients maximize the value of their human capital through excellence in HR processes. Our outsourced payroll, HR and consulting services are delivered from local language service centers. Our geographic coverage currently includes Denmark, Finland, Norway, Sweden, Latvia, Lithuania, Estonia, Poland, Germany, Austria, Switzerland, UK, Ireland, Thailand and India. Zalaris’ services utilize web and mobile based cloud solutions powered by SAP and SuccessFactors. We are a certified SAP Business Process Outsourcing (BPO) Partner. Zalaris is listed on the Oslo Stock exchange as ZAL. For more information visit our website at www.zalaris.com