ABGSC acted as Joint Global Coordinator and Joint Bookrunner in the NOK 600 million Private Placement in SATS ASA

On 16 February 2022, SATS ASA (“SATS” or the “Company”) announced the successful completion of the Private Placement raising approximately NOK 600 million in gross proceeds through the allocation of 30,800,000 new shares at a price of NOK 19.50 per share.
The Private Placement attracted strong interest from high-quality institutional investors, both Nordic and international, and the book was significantly oversubscribed. Ahead of the transaction, the current majority shareholders, TG Nordic Invest (Tryghedsgruppen) and AF III Holdco AS (Altor) had pre-committed to apply for their pro-rata ownership stakes in the Company.
The net proceeds of the Private Placement will predominantly be used to ensure sufficient strategic flexibility for SATS to act on potential organic and in-organic growth opportunities in the short to medium term and to ensure a more robust liquidity position in order to exploit opportunities in the longer run.