Nordic Capital offers to buy Orc bonds

The GP is offering bondholders a purchase price equating to 96.5% of the nominal amount plus accrued but unpaid interest, on up to €20m of the bond.

Nordic Capital's offer is aimed at the €60m senior secured bond issued in 2012, after Orc Group was taken private by the Swedish private equity firm. The bond has a maturity of five years and an 8.5% coupon.

SEB has been appointed as dealer manager for the purchase, and the offer period will run for one week, closing on March 18.

The financial technology and services provider is controlled by Nordic Capital through its Nordic Capital Fund VII vehicle, which owns the holding Cidron Delphi Intressenter. The offer was made through the holding Cidron Delfi.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Deals
• Refinancing
• high yield
• Sweden
• Nordic Capital