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Yinson Production, a leading independent owner and operator of Floating, Production, Storage, and Offloading (FPSO) units, has, through its wholly-owned subsidiary Yinson Production Financial Services Pte. Ltd. (finance company), successfully issued subsequent bonds of USD 100 million under its existing senior secured bond framework. The net proceeds from the tap issue will be used finance capital expenditure in relation to FPSO Abigail-Joseph and the Group’s other FPSO’s. Following the tap issue, Yinson Production has now fully utilised the USD 600 million total framework amount under the existing bond agreement.

Cinis Fertilizer AB (publ), a Swedish listed company producing environmentally friendly mineral fertilizer, potassium sulphate (SOP), in its plant in Örnsköldsvik, has successfully issued inaugural SEK 550 million senior secured green bonds with a tenor of 3 years.

The net proceeds from the bond issue will be used to refinance existing debt and finance general corporate purposes, including investments in accordance with the Green Finance Framework.

The senior secured green bonds will have a coupon of 3m STIBOR + 8.00% p.a. and will be listed on Nasdaq Stockholm.

Circular Tire Service Europe Holding AB (publ) (“CTS Group” or “CTS”), is a leading brand independent tire service platform in the Nordics and Poland offering a circular service to commercial vehicle operators. CTS, a portfolio company of Norvestor, has successfully issued its inaugural SEK 1,300 million senior secured bond with a tenor of 5 years. Net proceeds from the bond issue will be used to refinance existing debt, finance add-on acquisitions, and general corporate purposes.

The bond issue received exceptional demand from high quality institutional investors and the transaction was substantially oversubscribed. The senior secured bonds will have a coupon of 3m STIBOR + 5.25% p.a. and will be listed on Nasdaq Stockholm within 12 months.

On Tuesday 12 November 2024, Canica AS announced the sale of approximately 13.2 million shares in SATS, representing approximately 6.44% of the company. The transaction was priced at NOK 22.30 per share resulting in a total transaction size of NOK 294 million. Following the transaction, Canica no longer holds any shares in SATS.

ABG Sundal Collier acted as joint bookrunner in the transaction.

On 5 November 2024, Agra announced the strategic acquisition of Schysst Käk. The transaction is expected to be finalised in Q4 2024 and is subject to customary closing conditions and regulatory approval.

Schysst Käk is a Swedish brand offering a unique concept of eat-at-home kebab products, including protein, sauces, bread and toppings. Schysst Käk has continuously shown strong volume growth across categories and has become one of the leading sauce brands in Sweden. The sale will enable Schysst Käk to further expand its footprint and enhance the ability to deliver high-quality food products to consumers in current and new markets.

Agra is a Norwegian family-owned food and branded goods company, recognised as one of Scandinavia’s leading players. Known for high-quality products across various food categories, Agra’s market-leading brands include Lohmanders, Rydbergs, and Mills. In 2023, Agra had revenues of NOK 5.2bn.

ABG Sundal Collier acted as exclusive financial advisor to the owners of Schysst Käk. Special thanks to Jan Petter Collier for his contribution in relation to the buyer.

On 30 October 2024, Hexagon Purus announced the successful completion of a private placement of 145 million shares at a price of NOK 6.90 per share, raising gross proceeds of NOK 1,001m. The transaction was significantly oversubscribed and received strong interest from existing and new investors, in addition to continued support from the company’s long-term anchor investors Hexagon Composites ASA and Mitsui & Co., Ltd.

The net proceeds from the private placement will be used to finance the company’s business plan and are intended to fully fund the company well past the point of cash flow break-even. With the multi-year capacity expansion program close to completion, the company now has sufficient capacity to cover the expected growth over the next few years. Hexagon Purus’ focus for the coming years will be to optimize the utilization of existing capacity, drive operational improvements and profitability, and minimize further capital spend.

ABG Sundal Collier acted as Global Coordinator and Joint Bookrunner in the transaction.