STOCKHOLM, April 4, 2023 /PRNewswire/ -- Securitas has today successfully closed a 4-year MEUR 600 bond in the Eurobond market. The bond was oversubscribed more than three times and allowed the coupon to be set at 4.25 percent including a margin of 120 basis points.
The proceeds will be used to refinance almost the entirety of the remaining bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022. After the bond issuance, the remaining amount of the bridge facility is approximately BSEK 1.7.
The joint lead managers were BBVA, CIC, Citi, Commerzbank, Danske Bank, ING, SEB and UniCredit.
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