ABG Sundal Collier acted as joint bookrunner and sustainability advisor for First Camp in connection with their SEK 1,850m bond issue

First Camp Group AB (publ), the leading campsite owner and operator in Scandinavia and portfolio company owned by Norvestor, has successfully raised a SEK 1,850m senior secured sustainability-linked bond. Net proceeds from the bond issue will be used to refinance the existing bond, finance acquisitions of new campsites and for general corporate purposes. Following the acquisitions, the group will have a pro forma revenue of SEK 1,175m with a pro forma adj. EBITDA of SEK 318m and further sentiment their undisputed #1 position in the Scandinavian camping market. The bond issue received strong demand from high quality institutional investors and the transaction was substantially over-subscribed. The senior secured sustainability-linked bond issue will have a coupon of 3m Stibor plus 7.25% p.a. and will be listed on Nasdaq Stockholm sustainable bond market.