Coor Raises SEK 750 Million in Oversubscribed Bond Issue to Refinance Debt

Coor Service Management Holding AB ( (SE:COOR) ) has shared an announcement.

Coor Service Management Holding AB has issued SEK 750 million in senior unsecured bonds under a SEK 1.5 billion framework, with a five-year tenor and a floating rate of STIBOR 3m plus 205 basis points, to refinance existing 2024/2027 bonds and support general corporate purposes. The oversubscribed issue, which attracted strong demand from a broad investor base, underscores market confidence in Coor’s credit profile and is expected to strengthen its financing flexibility as the company plans to list the new bonds on Nasdaq Stockholm’s corporate bond market.

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 facility management services, specialising in workplace services, property services and strategic advisory services aimed at creating efficient, healthy and prosperous workplace environments. Founded in 1998 and listed on Nasdaq Stockholm since 2015, Coor serves a broad mix of large corporations and public-sector organisations across the region, including major industrial, retail, transport and public institutions.

Average Trading Volume: 328,733

Technical Sentiment Signal: Buy

Current Market Cap: SEK5.58B

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