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Issuer: Pareto Securities AS
/ Key word(s): Bond
Senior secured bond with a volume of 50 million euros and second-lien bond of 15 million euros placed with institutional investors for Schletter Group
Frankfurt, September 6, 2022 - Pareto Securities AS, an international investment bank headquartered in Oslo and a long-standing partner of SMEs in Germany, informs about the successful placement of a EUR 50 million senior secured bond and a EUR 15 million second lien bond in Nordic Bond Format for Schletter International B.V. Pareto Securities acted as sole bookrunner & lead arranger. Schletter Group is one of the global pioneers in the development, production and distribution of solar mounting systems and the market leader in the DACH region (Germany, Austria, Switzerland) with a market share of around 24 percent. In other European countries, the group also holds top 3 market positions. The new senior secured bond has a maturity of 3 years and bears a floating interest rate (coupon) of 3-month EURIBOR + 6.75%. The second-lien bond has a maturity of 3.5 years, a fixed interest coupon and a PIK note. The Company plans to use the net proceeds from the transaction to refinance existing loans, to finance capex measures, acquisitions and for general corporate purposes. Maximilian Moser, Partner Investment Banking, Pareto Securities Germany: "With this bond, the Schletter Group is using a capital market instrument for corporate financing for the first time. One of the associated goals is to establish itself as a reliable issuer in the coming years in order to support the dynamic corporate growth that can also be expected in the future with investments from institutional investors." Christian Czaya, Head of Fixed Income Sales, Pareto Securities Germany: "The dynamic management and investor-friendly structure of the bond offering has convinced our institutional investor base across Europe. We are very pleased to have placed this transaction in the current challenging market environment at attractive terms for all parties involved." As a German branch, Pareto Securities Germany specialises in advising and implementing financing for the local SME sector. The advantages of the Nordic bond with its flexible transaction structures offer SMEs an adequate solution for growth financing. In the growing Nordic bond market, Pareto Securities is very well positioned as a market leader with a successful track record.
About Pareto Securities Founded in 1986, Pareto Securities is headquartered in Norway and has offices in Denmark, Finland, Sweden, France, Germany, the UK, Switzerland, the US, Singapore and Australia. Pareto Securities has a leading position in the Nordic financial markets and a strong international presence. Pareto Securities offers a wide range of financial services, including equity and fixed income brokerage, equity, debt and project finance, and advisory services related to mergers and acquisitions and restructuring.
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