Debt purchaser B2 extends maturities
B2Holding, the Oslo-based debt purchasing and servicing firm, has printed a new €200m senior unsecured 2024 at 635bp over three month Euribor, using the cash to buy back older issues. It plans a new secured bond later this year to fund rapid expansion plans.
DNB Markets and Nordea were global co-ordinators and joint bookrunners, while Swedbank and Arctic Securities were joint bookrunners.
The deal involved B2Holding extending maturities through attempting to buy back its €150m December 2020 and its €175m October 2021, both also unsecured issues.The company has a €510m revolver, ...