Financial investor Quadriga has refinanced its portfolio company LR Health & Beauty Systems from Ahlen via a so-called Nordic bond (Scandinavian bond market). Accordingly, the bond volume is EUR 125 million with an interest rate of 725 basis points above Euribor. The term is 4 years.
According to the accompanying bank Pareto, the issue was oversubscribed and went to a total of 75 investors. The capital raised is mainly used to repay bank debts in the amount of 85 million euros; a further 35 million euros are used to repay shareholder loans. The costs and fees are according to the FINANCE Magazine around 5 million euros.
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