Dura Sverige AB (publ) contemplates issuing new senior secured callable floating rate bonds and provides trading update
Dura Sverige AB (publ) contemplates issuing new senior secured callable floating rate bonds and provides trading update
Dura Sverige AB (publ) (the "Company" and together with its subsidiaries, the "Group") has mandated Pareto Securities AB and SB1 Markets, filial i Sverige to arrange fixed income investor meetings starting on 18 September 2026, to explore the possibility of issuing senior secured callable floating rate bonds due 2029 in an expected amount of SEK 500,000,000 (the "Bonds"), and provides in connection herewith a trading update. A capital market transaction may follow, subject to market conditions.
THIS DOCUMENT IS NOT FOR DISTRIBUTION IN OR INTO UNITED STATES, CANADA, AUSTRALIA, HONG KONG, ITALY, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF CYPRUS, THE UNITED KINGDOM OR JAPAN.
Bonds
The Bonds will have a tenor of three years from the first issue date and carry a floating interest rate of STIBOR (3 months) plus a margin, payable quarterly in arrears. The net proceeds from the bond issue are intended to be used for refinancing the Company’s existing senior secured bonds (ISIN NO0013262378) (the "Existing Bonds"), paying transaction costs, and financing general corporate purposes of the Group (including investments and acquisitions).
The Company will, conditional upon the successful issuance of the Bonds, redeem all Existing Bonds at an amount of 104.25 per cent. of the nominal amount in accordance with the terms and conditions of the Existing Bonds.
Pareto Securities AB and SB1 Markets, filial i Sverige will act as bookrunners in respect of the issuance of the Bonds. BAHR Advokatbyrå AB will act as legal advisor to the Company and Roschier Advokatbyrå AB will act as legal advisor to the bookrunners.
Bookrunners:
Pareto Securities AB: dcsmsyndicate@paretosec.com
SB1 Markets, filial i Sverige: dcm.liability.management@sb1markets.com
Trading Update
On a pro forma basis as of July 2026, the Company reported the following key financial metrics:
- Net sales: SEK 984 million (PF, K3 and PF, IFRS)
- LTM Adjusted EBITDA: SEK 125 million (PF, K3) / SEK 148 million (PF, IFRS)
- Senior secured bond 2024/2028: SEK 350 million
- Other debt: SEK 5 million
- Lease liabilities: SEK 0 million (PF, K3) / SEK 35 million (PF, IFRS)
- Vendor note: SEK 21 million
- Gross debt: SEK 375 million (PF, K3) / SEK 411 million (PF, IFRS)
- Cash on balance: SEK (32) million
- Net debt: SEK 343 million (PF, K3) / SEK 379 million (PF, IFRS)
- Net leverage: 2.7x (PF, K3) / 2.6x (PF, IFRS)