ABGSC acted as sole bookrunner for Cegal Group in connection with the NOK 900m senior secured bond issue

On 22nd November 2019, a consortium of investors signed an agreement to acquire Cegal Group AS for a total of NOK 1,650 million on a cash and debt free basis. The acquisition was partly financed by a NOK 900m bond financing. Following the acquisition announcement, a fixed income roadshow commenced where Cegal management met with more than 45 fixed income investors. 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 5.50% p.a, and will be listed on Frankfurt Open Market and Oslo Børs