Nordwest Industrie Finance GmbH Successfully Places EUR 50 Million Nordic Bond

On October 25, 2024, Nordwest Industrie Finance GmbH announced the successful placement of a Norwegian law-governed, senior secured floating rate bond valued at EUR 50 million. This Nordic Bond, with a four-year maturity and a denomination of EUR 1,000, was placed via a private placement. Pareto Securities AS, based in Frankfurt, led the management of this placement.

The company plans to issue the Nordic Bond on November 6, 2024, intending to list it on the Open Market of the Frankfurt Stock Exchange and subsequently within six months on the Oslo Stock Exchange's Nordic ABM. This bond issuance is part of a broader financing package, which includes a syndicated loan, aimed primarily at refinancing the NWI Group's existing liabilities and facilitating early redemption of its 2019/2025 notes.