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Eltel AB ( (SE:ELTEL) ) has provided an update.
Eltel AB is considering issuing senior secured bonds worth EUR 120 million to refinance existing debt, including sustainability-linked hybrid bonds. The proceeds will also support general corporate purposes such as investments and acquisitions. The company has announced a tender offer for its outstanding hybrid bonds, offering a purchase price of 106.5% plus accrued interest, with settlement expected shortly after the bond issuance process.
More about Eltel AB
Eltel is a leading service provider for critical infrastructure in the Nordics, focusing on digitalization and electrification of society. The company provides services and turnkey solutions for communication and power networks and renewable energy. With a workforce of 4,500 across the Nordics, Germany, and Lithuania, Eltel is headquartered in Sweden and its shares are listed on Nasdaq Stockholm. In 2024, the company reported total net sales of EUR 828.7 million.
Average Trading Volume: 54,182
Current Market Cap: SEK1.39B
Learn more about ELTEL stock on TipRanks’ Stock Analysis page.