Report
Oliver Metzger

GN Store Nord : Overhang cleared

>Refinancing executed through a capital increase and refinancing - GN Store Nord executed a capital increase in the magnitude of 13%, of which around 3% came from the placement of treasury shares. The new shares represent 10% of the company’s total registered shares before the capital increase. On the back of this transaction, GN Store Nord collected gross proceeds of DKK 2.75bn. The equity raise is part of the refinancing of the 2024 maturities in the size of DKK 7bn...
Underlying
GN Store Nord A/S

GN Store Nord is an electronics communication products group based in Denmark. Co. is engaged in the manufacture and marketing of products for personal communication. Co.'s product offering includes hearing instruments, corded and wireless headsets, and audiologic diagnostics equipment used to test people's hearing and sense of balance. In addition, Co. offers products and accessories such as speakers, amplifiers, headset telephones, and adapters, as well as software and equipment for fitting hearing instruments. Co.'s operations are organized along two business divisions: GN Netcom (headsets) and GN ReSound (advanced hearing instruments).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Oliver Metzger

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