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Novedo Holding AB (“Novedo”), a Nordic industrial group specialised in the acquisition and development of entrepreneurial niche SME’s, has successfully issued three-year senior secured bonds in a total nominal amount of SEK 1,250 million. The proceeds from the bond issue will be used to refinance Novedo’ existing bonds, acquisitions, and general corporate purposes.

The bond issues received strong demand from high quality institutional investors and the transaction was well oversubscribed. Novedo has been present in the bond market since its inaugural issue in 2021.

On Tuesday 10 September 2024, NRC Group ASA (“NRC”) announced the successful completion of a directed share issue of 80 million new primary shares at a fixed price of NOK 2.5 per share, raising gross proceeds of NOK 200 million. NRC intends to use the proceeds from the directed share issue to strengthen its liquidity position, to mitigate potential impact of its ETM-project and support its the new strategic roadmap. ABG Sundal Collier acted as Joint Global Coordinator and Bookrunner in the transaction.

NES Fircroft has successfully completed the issuance of a new 5-year USD 350 million senior secured bond. The bond has been assigned preliminary credit ratings from Moody’s (B1/B2) and S&P (B/B). The net proceeds will be used to refinance the company’s existing USD 300 million senior secured bond and for general corporate purposes. The bond attracted strong demand from a broad range of high-quality institutional investors globally. Due to strong operational and financial development in the company since the inaugural bond issued in 2022, NES Fircroft achieved a significant reduction in the coupon and the refinancing will support NES Fircroft’s strategic agenda and growth plans going forward.

On Thursday 5 September 2024, Ascelia Pharma announced the successful completion of the fully subscribed rights issue of units of SEK 105 million. The proceeds raised will, among other things, enable Ascelia Pharma to complete the filing of the New Drug Application (NDA) to the Food & Drug Administration (FDA) for Orviglance by mid-2025 as well as conducting partnering activities ahead of Orviglance commercialization.
In addition to the initially raised SEK 105 million, one series of warrants were issued as part of the rights issue of units, which may yield additional gross proceeds totalling SEK 21 – 70 million if subscribed for in full in April 2025.

On Wednesday 4 September 2024, Swedish Logistic Property AB (“SLP”) announced the successful completion of a directed share issue of around 31.4 million common shares of class B at a price of SEK 35.00 per share, raising gross proceeds of SEK 1,100 million. The subscription price was determined through an accelerated book-building procedure and corresponds to a premium of 30 percent in relation to the net asset value per share as of 30 June 2024. SLP intends to use the proceeds from the directed share issue to finance new property acquisitions and investments in project development, to increase income from property management per share as well as net asset value. ABG Sundal Collier acted as Joint Global Coordinator and Bookrunner in the transaction.

Novedo Holding AB (“Novedo”), a Nordic industrial group specialised in the acquisition and development of entrepreneurial niche SME’s, has successfully issued four-year second-lien secured convertible bonds in a total nominal amount of SEK 550 million, including undertakings by entrepreneurs to convert earnouts, vendor notes and reinvestments. The transaction received strong interest from Nordic and international investors and the books were oversubscribed.

The Convertible Bonds will carry a fixed pay-in-kind (PIK) interest of 12.0 percent and issued at 96.0 percent of par.