Mohinder FinCo AB (publ) successfully issues senior secured floating rate bonds
13 DECEMBER 2024
NOT FOR DISTRIBUTION IN OR TO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
Mohinder FinCo AB (publ) (u.c.n.f. Goldcup 101357 AB) (the "Company"), a single purpose vehicle established by funds advised by Triton in connection with Triton’s acquisition of MacGregor (the “Target”) from its parent company Cargotec Corporation (the “Acquisition”), has successfully issued senior secured floating rate bonds in an initial amount of EUR 175,000,000 with a framework of up to EUR 350,000,000 (the “Bonds”). The Bonds have a final redemption date in December 2029. The Company intends to apply for admission to trading of the Bonds on the corporate bond list of Nasdaq Stockholm.
As previously announced, the proceeds from the Bonds will be applied by the Company to finance part of the purchase price for the Acquisition and any potential overfunding, pay related transaction costs and to finance general corporate purposes of the Company and the Target. The Acquisition is subject to regulatory approvals and other customary closing conditions. Following completion, Triton intends to form a standalone company.
Arctic Securities AS, filial Sverige and Nordea Bank Abp have acted as global coordinators and Arctic Securities AS, filial Sverige, Danske Bank A/S, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) have acted as joint bookrunners in conjunction with the bond issue. Gernandt & Danielsson has advised the global coordinators and joint bookrunners, while Linklaters has advised Triton and the Company in connection with the bond issue.
For additional information, please contact:
Fredrik Hazén
Communications Professional, Triton
Tel.: +46 709 483 810
Email: hazen.wp@triton-partners.com
About MacGregor
MacGregor is a leader in sustainable maritime cargo and load handling with a strong portfolio of products, services and solutions, all designed to perform with the sea. Shipbuilders, shipowners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor. For further information: www.macgregor.com.
About Triton
Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. Triton focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare. Triton has over 200 investment professionals across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit. For further information: www.triton-partners.com.
