Coor moves to refinance 2024/2027 bonds with new SEK 750m issue

Coor Service Management Holding AB ( (SE:COOR) ) has issued an update.

Coor Service Management plans to issue new senior unsecured bonds of about SEK 750 million with a five‑year tenor, using the proceeds to refinance its existing 2024/2027 senior unsecured bonds and for general corporate purposes. The company has mandated Danske Bank, DNB Carnegie Investment Bank and SEB as joint bookrunners and will test investor appetite through fixed‑income meetings starting 4 March 2026.

In parallel, Coor has launched a conditional cash tender offer for its outstanding SEK 500 million 2024/2027 bonds at 100.475% of nominal value plus accrued interest, with settlement expected around 13 March 2026, subject to a successful new issue. Any existing bonds not tendered will be subject to a voluntary early redemption on similar terms once proceeds are received, after which those bonds will be delisted from Nasdaq Stockholm, streamlining the firm’s funding structure and extending its debt maturity profile.

The most recent analyst rating on (SE:COOR) stock is a Buy with a SEK66.00 price target. To see the full list of analyst forecasts on Coor Service Management Holding AB stock, see the SE:COOR Stock Forecast page.

More about Coor Service Management Holding AB

Coor Service Management Holding AB is a leading Nordic provider of integrated facility management services, delivering workplace, property and strategic advisory services to corporate and public-sector customers. Founded in 1998 and listed on Nasdaq Stockholm since 2015, the company focuses on creating efficient, healthy and productive work environments for clients such as ABB, Equinor, IKEA, major hospitals and government agencies across the region.

Average Trading Volume: 305,594

Technical Sentiment Signal: Buy

Current Market Cap: SEK5.61B

Learn more about COOR stock on TipRanks’ Stock Analysis page.