Avonova, through Avonova Bidco AB (publ) as the issuer ("Avonova"), has successfully issued its first senior secured bonds in an amount of SEK 500 million and a tenor of 3 years (the “Bonds"). The proceeds from the issuance will be used to repay certain outstanding loans including the tax debt incurred under the Covid-19 pandemic in an approximate amount of SEK 190 million, as well as towards general corporate purposes. Avonova intends to apply for listing of the Bonds on Nasdaq Stockholm's corporate bond list.

"The issuance of our inaugural bonds marks a key step in our financial journey and enables us to fully repay outstanding loans, including the Covid-19 related tax debt, which will strengthen our balance sheet and support our strategic growth initiatives. This issuance reflects our commitment to optimizing our financial structure and the forthcoming listing of the bonds on Nasdaq Stockholm will further establish our presence in the Nordic capital markets,” says Jonas Arlebäck, CEO.

Arctic Securities AS acted as arranger for the bond issuance with Roschier Advokatbyrå KB as the agent. The law firm Cederquist KB acted as legal advisor for Avonova.