Hyreslandslaget (“HLL” or the “Company”), is one of Sweden’s leading equipment rental providers for small and medium-sized projects, operating an extensive network of 26 locations across the country. HLL has successfully issued its inaugural SEK 425 million senior secured bond with a tenor of 3 years. Net proceeds from the bond issue will be applied towards financing the acquisition of shares in HLL, refinance existing debt, and general corporate purposes.
The bond issue received strong demand from high quality institutional investors and the transaction was significantly oversubscribed. The senior secured bonds will have a coupon of 3m STIBOR + 5.75% p.a. and will be listed on Nasdaq Stockholm within 12 months.
ABG Sundal Collier acted as exclusive financial advisor to the Toresson Family and TMF Invest in connection with the acquisition and as sole manager and bookrunner in the SEK 425 million senior secured bond issue.
