Paroc Group Oy announces pricing of senior secured notes offering

21 May 2014
Paroc Group Oy announced, on the 14th of May, that it had priced its offering of (i) euro-denominated fixed rate senior secured notes due 2020 in an aggregate principal amount of MEUR 200 at 6.25% (the “Fixed Rate Notes”), and (ii) euro-denominated floating rate senior secured notes due 2020 in an aggregate principal amount of MEUR 230 at three-month EURIBOR plus 525 basis points.

The proceeds from the offering, together with cash on hand, will be applied to redeem existing debt of the company.

Paroc Group CEO, Kari Lehtinen, comments:

We are very pleased to see that there was a strong demand for our notes in the credit market. The refinancing provides Paroc with flexibility and a solid platform to continue the development of the business.

For further information, please contact:
Anders Dahlblom, CFO, +358 (0)400 815 427
Joakim Flinck, Director, Group Finance, +358 (0)40 556 4757