ABGSC acted as joint bookrunner to Hyreslandslaget in connection with their SEK 425m tap issue

Hyreslandslaget (“HLL” or the “Company”) is one of Sweden’s leading equipment rental and lifting services provider with a broad service offering and nationwide depot network.

HLL has successfully issued subsequent senior secured bonds of SEK 425 million within its existing bond framework of SEK 850 million. Net proceeds from the bond issue will be used towards the previously announced acquisitions of Herok Group and BinSell and to finance general corporate purposes.

The tap issue received exceptional demand from high-quality institutional investors, and the book was significantly oversubscribed, allowing the transaction to be upsized from the originally expected volume of SEK 350 million and to price at 102.75%.