Eqva Raises NOK 500 Million in Bond Issue to Fund Growth and Refinancing

An update from Havyard Group ASA ( (DE:1H2) ) is now available.

Eqva ASA has completed a NOK 500 million four-year senior secured bond issue, priced at 3‑month NIBOR plus 7.75%, to strengthen its balance sheet and support strategic initiatives. The net proceeds will be used to refinance existing debt, repay a seller’s credit, fund capital expenditures and future acquisitions, and for general corporate purposes, a move that underpins the company’s acquisition-driven growth strategy and aims to reinforce its financial flexibility and industrial services platform, with Arctic Securities and Nordea acting as joint lead managers on the transaction.

More about Havyard Group ASA

EQVA ASA is a Norwegian full-service industrial services provider built around long-term ownership of complementary industrial companies. It serves major customers in smelting, process industry, aquaculture, maritime and offshore sectors, offering engineering and mechanical solutions, steel structures, piping and tank systems, ventilation, power and automation, as well as hydropower development and operation. The group pursues an asset-light, cash-generative model that combines organic growth with targeted acquisitions, with portfolio companies operating autonomously within a common governance and support framework, and employs more than 660 specialists across key industrial regions in Norway.

Average Trading Volume: 378,071

Current Market Cap: NOK263.5M

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