First Camp Group issues 470 million SEK in additional bonds

First Camp Group has completed an additional bond issue totaling 470 million SEK under its existing senior secured framework. The bonds were issued at 102.325 percent of their nominal value.

The debt carries a floating interest rate set at the three-month STIBOR plus a margin of 346.9 basis points. Settlement for the transaction is scheduled for November 20, 2024.

Proceeds from the offering are earmarked for the refinancing of current group debt. This financial maneuver allows the company to manage its liabilities and maintain its current capital structure.