30 November 2018

Gernandt & Danielsson advises in Swedish Electromagnet Invest AB (publ)’s issue of notes

Gernandt & Danielsson advises in Swedish Electromagnet Invest AB (publ)'s issue of notes at an initial total amount of SEK 350 million, within a framework amount of SEK 500 million. The proceeds from the note issue will be applied towards the acquisition of Swedish Electromagnet Holding AB, refinancing of existing debt and for general corporate purposes of the group. The issue date for the notes is expected to be 10 December 2018. The notes will initially be listed on the corporate bond list of Frankfurt Stock Exchange Open Market and, within one year from the first issue date, on the corporate bond list of Nasdaq Stockholm.

Swedish Electromagnet Invest AB (publ) is a company that, directly and indirectly, through its subsidiaries, conducts business within the industry of manufacturing electronic ignition apparatus and ancillary activities.

Gernandt & Danielsson has advised the company and its financial advisors, Pareto Securities AB and Swedbank AB (publ), with a team consisting of partner Mikael Borg, Senior Associate Sofie Viktorsson, Senior Associate Maria Klaesson and Associate Sara Gannby.

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