Assemblin wants to heat up euro high yield with €250m debut
Swedish heating and ventilation service provider Assemblin is braving the euro-denominated high yield market for the first time with €250m bond issue, used for refinancing and dividends. Exceptionally favourable conditions lured Triton-backed Assemblin to try its hand with international investors.
Assemblin’s euro debut is not a sign of an upcoming IPO or growing cross-border expansion ambitions, said a source close to the company. Assemblin, formerly known as Imtech Nordic, has been in Triton’s portfolio since 2015.
“We wanted to broaden the sources of financing from just Nordic banks to ...