6 December 2019
Gernandt & Danielsson advises in Sinch AB’s issue of corporate bonds
Gernandt & Danielsson advises in Sinch AB (publ)'s ("Sinch") issue of corporate bonds in the initial amount of SEK 750 million within a framework amount of SEK 1,500 million due in 2024. The proceeds from the bond issue will be applied towards general corporate purposes, including, but not limited to, acquisitions and capital expenditures. Sinch intends to apply for admission of trading of the bonds at the corporate bond list of Nasdaq Stockholm.
Sinch was founded in 2008 and develops digital tools enabling personal engagement between individuals and entities. Sinch's cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video and powers business-critical communications for many of the world's largest companies. The Group is headquartered in Stockholm, Sweden and has local presence in more than 30 countries. The shares are traded at Nasdaq Stockholm.
Gernandt & Danielsson has advised Sinch with a team consisting of Partner Mikael Borg, Senior Associate Mikael Bolling and Associate Camilla Hedner.