HUB logistics Finland Oy
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SSCP Lager BidCo AB (publ) successfully issues subsequent notes of SEK 200 million
Globenewswire· 2025-06-13 16:15
Core Viewpoint - Logent has successfully issued subsequent senior secured floating rate notes amounting to SEK 200 million, significantly oversubscribed at 102% of nominal amount, to finance its acquisition of HUB logistics Finland Oy and other corporate purposes [1][3]. Group 1: Issuance Details - The Subsequent Notes have a floating interest rate of 3m Stibor + 625 basis points and will mature in December 2026 [2]. - The total outstanding nominal amount under the notes loan after this issuance is SEK 1,050 million [3]. Group 2: Financial Advisors - Nordea Bank Abp and Pareto Securities AS have been mandated as Joint Bookrunners for the issuance of the Subsequent Notes [4]. - Snellman Advokatbyrå AB and Gernandt & Danielsson Advokatbyrå KB have acted as legal advisors to the Company and Joint Bookrunners, respectively [4]. Group 3: Company Overview - Logent is an independent logistics partner with a Nordic base, operating in Northern Europe and globally, offering a wide range of logistics services [5]. - The company has grown to a turnover of approximately SEK 2.4 billion since its inception in 2006 and employs around 2,800 people in Northern Europe [5].
Logent Group acquires HUB logistics Finland Oy and announces the intention to issue subsequent notes
Globenewswire· 2025-06-12 18:12
Group 1 - Logent Finland Bidco Oy, an indirect subsidiary of SSCP Lager BidCo AB, has agreed to acquire all shares of HUB logistics Finland Oy, with the acquisition expected to close on June 23, 2025, subject to customary conditions [1] - The acquisition aims to enhance Logent's service offerings and value delivery in the Finnish market and Northern Europe [4] - After the acquisition, Logent is projected to achieve pro forma Net Sales of approximately SEK 2.7 billion and Adj. EBITDA of around SEK 270 million by the first quarter of 2025 [5] Group 2 - Logent has mandated Nordea Bank Abp and Pareto Securities AS as joint bookrunners for a Subsequent Notes Issue, with an expected volume of SEK 200 million [2] - The net proceeds from the Subsequent Notes Issue will be used for the acquisition, transaction costs, and general corporate purposes, leading to an aggregate outstanding nominal amount of SEK 1,050 million under the notes loan [3] - The company reports a pro forma net debt position of approximately SEK 1,010 million after the acquisition [5] Group 3 - Logent is an independent logistics partner with a Nordic base, offering a wide range of services including warehouse design, transport management, and staffing services, achieving a turnover of about SEK 2.4 billion since its inception in 2006 [8]