Aspire Global issues EUR 27.5 million in senior secured bonds

Business News

Aspire Global plc today announces that the Company issues a EUR 27.5 million senior secured bond loan under a EUR 80 million framework, with the intention to apply for a listing of the bond on Nasdaq Stockholm.

The bond loan has a 3-year tenor with a floating interest rate of Euribor 3m + 7.0 percent and a Euribor floor of zero. The issue date is set to 3 April 2018. The Company intends to apply for a listing of the bonds on Nasdaq Stockholm.

“We are very pleased with the interest we have seen from investors. The bond issue enhances our growth potential, allowing us to further consider a number of attractive investment and acquisition opportunities that we have identified”, says Tsachi Maimon, CEO.

Carnegie Investment Bank and Pareto Securities acted as financial advisers and Gernandt & Danielsson acted as legal adviser in connection with the bond issue.