Eltel Seeks Bondholder Approval for New EUR 60m Guarantee Facilities to Support Growth

The latest update is out from Eltel AB ( (SE:ELTEL) ).

Eltel AB has launched a written procedure seeking bondholder approval to amend the terms of its EUR 130 million senior secured callable floating rate bonds so it can establish up to EUR 60 million in additional unsecured bank and insurance guarantee facilities, offering a consent fee to those voting in favour. The move is part of a broader strategic review aimed at streamlining the business and supporting growth in project-based segments such as photovoltaic solar technology and data centers, where external guarantees are often required to secure contracts and manage cash flows; aligning bond terms with the company’s super senior revolving credit facility is intended to provide greater financing flexibility, and the largest bondholders have already signalled support, suggesting a smooth approval process when the voting runs from 30 December 2025 to 15 January 2026.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.50 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

More about Eltel AB

Eltel is a leading Nordic service provider for critical infrastructure, with about 4,500 employees across the Nordics, Germany and Lithuania. The company enables digitalization and electrification by delivering services and turnkey solutions for communication and power networks and renewable energy, including growing activities in photovoltaic solar and data center projects. Headquartered in Sweden and listed on Nasdaq Stockholm, Eltel generated net sales of EUR 828.7 million in 2024.

Average Trading Volume: 60,803

Technical Sentiment Signal: Buy

Current Market Cap: SEK1.45B

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