Press release -
Placement of a loan offering for Scanergy AS successfully completed
Issue Amount: NOK 20 Million
Fixed Interest Rate: 12 % p.a.
Maturity: 18 months (with a 6 month extension option)
The loan offering for Scanergy AS has been successfully completed. The loan offer has a total nominal amount of NOK 20 million and JOOL Markets AS acted as Sole Manager and bookrunner for the offering.
The loan has a fixed interest rate of 12 per cent p.a. with semi-annually interest payments and matures in June 2018 but the offering can be extended with 6 months. The loan has security over all shares in the subsidiaries Scanergy Wind Power AS and Marker Vindpark AS. The raised funds from the loan offering will be used for development of Marker Vindpark AS, part payment of shareholders loan, repayment of minority shareholder loans, general company purposes and transaction costs.
Law firm Grette DA acted as legal advisors and Intertrust (Norway) AS as agent.
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JOOL Capital Partner AB structures financial products, focusing mainly on corporate bonds and fixed income investments. Headquartered in Gothenburg, Sweden, we are also represented in Stockholm, Oslo, Bergen, Singapore and Abu Dhabi. JOOL is a market leader in the Nordic corporate bond market within the SEK 30–200 million segment. We are a wholesale distributor of alternative investment products with over 150 partners world wide and we are catering global distribution platforms, such as Institutions, Private Banks, IFA's and Family Offices. Through the JOOL Markets AS subsidiary, JOOL is authorized by the Norwegian Financial Service Authority to carry out a broad range of investment services and associated activities in Norway, Sweden, Denmark, Finland, Great Britain and Germany.
JOOL Group