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Axactor SE ( (GB:0QIG) ) has issued an update.
Axactor SE has issued a new EUR 100 million 4.25-year senior unsecured bond and used part of the proceeds to repurchase NOK 344.1 million of its outstanding bond maturing in September 2027 at 105.5% of par. Following this liability management move, the remaining net outstanding amount on the 2027 bond stands at NOK 1,955.9 million, indicating an effort to optimize the company’s debt profile and potentially lower refinancing risk.
The transaction, handled by Arctic Securities, DNB, Carnegie and Nordea as joint lead managers, demonstrates Axactor’s continued access to the capital markets and active management of its funding structure. By partially buying back higher-cost or shorter-dated debt while adding new longer-tenor financing, the company appears to be strengthening its balance sheet flexibility and signaling confidence in its medium-term financial position.
More about Axactor SE
Axactor SE is a European debt management and collection company that focuses on acquiring and servicing non-performing and performing loan portfolios for banks and financial institutions. The group operates in multiple European markets, offering credit management solutions aimed at improving creditors’ recovery rates while managing risk and regulatory complexity in the financial sector.
Average Trading Volume: 490,792
Current Market Cap: NOK1.57B
Learn more about 0QIG stock on TipRanks’ Stock Analysis page.