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Axactor SE ( (GB:0QIG) ) just unveiled an announcement.
Axactor ASA has raised EUR 100 million through a new 4.25-year senior unsecured floating rate bond, carrying a coupon of three-month EURIBOR plus 3.90%. An application will be made to list the bond on the Oslo Børs, with Arctic Securities, DNB, Carnegie and Nordea acting as joint lead managers for the transaction.
The company plans to use the net proceeds to refinance existing debt and for general corporate purposes, which should strengthen its balance sheet flexibility and support ongoing operations. The new funding may help Axactor optimise its capital structure and maintain access to diversified financing in the Nordic bond market, which is important for a debt collection group reliant on steady funding for portfolio investments.
More about Axactor SE
Axactor ASA is a Norwegian credit management company that focuses on the acquisition and servicing of non-performing and performing debt portfolios. The group typically provides debt collection and related financial services to banks, financial institutions and other creditors across European markets, with a focus on efficient recoveries and capital-light structures.
Average Trading Volume: 490,792
Current Market Cap: NOK1.57B
For an in-depth examination of 0QIG stock, go to TipRanks’ Overview page.