ABGSC acted as advisor and bookrunner for SuperOffice Group and Axcel in connection with the NOK 700m senior secured bond issue

SuperOffice Group AS, a portfolio company owned by Axcel, has successfully raised a NOK 700m senior secured bond issue. The proceeds from the financing will be used to refinance the bank debt, the vendor loan and the bridge facility incurred in April 2020 in connection with the acquisition of SuperOffice. The bond issue received strong demand from high quality institutional investors globally and the transaction was substantially over-subscribed. The senior secured bond issue will have a coupon of 3 month Nibor plus 6.5% p.a. and will be listed on Frankfurt Open Market and Oslo Børs.