Bactiguard outstanding bond loan was repaid in full on 12 December. The refinancing solution consists of loans totaling SEK 150 million.
The bond loan Bactiguard issued in December 2011, with an initial nominal value of SEK 450 million, an annual interest rate of 11% and a duration of 5 years, matured on 12 December.
The outstanding nominal value of SEK 138 million and accrued interest have now been paid in full. The refinancing solution consists, as previously communicated, of two loan commitments which now have been utilized in the form of a bank loan of SEK 100 million maturing 31 December, 2017 and a loan from the company’s main shareholders of SEK 50 million maturing 30 June 2018. The loans carry a base interest rate of STIBOR 90, but not less than 0%, and a margin of 3.5%.
Bactiguard’s interest expenses will be substantially reduced by this refinancing. At the same time, the company is working on securing a long-term financing solution at a competitive rate.
For further information, please contact:
Fredrik Järrsten, CFO, mobile: +46 72 550 00 89
This information is information that Bactiguard Holding AB (publ) 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 above, at 08:00 CET on 13 December, 2016.
