Hoist Group Holding Intressenter AB (publ) raises 500 MSEK in 3-year senior secured bonds
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS OR IN OR INTO ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.
Hoist Group Holding Intressenter AB (publ) (the “Company”) has successfully raised senior secured bonds in the amount of SEK 500,000,000 due 2024 (ISIN: SE0015811120). The interest rate for the new bond loan was set at STIBOR 3M + 6.50 per cent. per annum. The Company is intending to use the net proceeds from the bond issue to repay existing debt and for general corporate purposes.
The issue date is expected to be 31 March 2021 and the Bonds are expected to be listed on Nasdaq Stockholm.
Pareto Securities AB and Swedbank AB acted as coordinators and joint bookrunners in connection with the transaction.
For more information please contact:
Magnus Lindholm, CFO, Hoist Group
This information is information that the Issuer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 21:30 CET on 23 March 2021.
About Hoist Group
Hoist Group provides technology solutions to hotels, enabling them to manage coherent end-to-end digital journeys for their guests. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative Property Management & Booking Software, Managed IP Networks, Internet and TV Content as well as from many other digital touchpoints. Headquartered in Stockholm with 20 offices across EMEA, Hoist Group has nearly 500 dedicated staff serving over 8,000 unique hotels.