BEWI Invest secures NOK 1bn bond for refinancing and growth

BEWI Invest AS has successfully placed a new NOK 1,000 million senior secured bond issue, maturing in 3.25 years. The bond will carry an interest rate of 3 months NIBOR + 7.75% per annum, with quarterly interest payments.

The net proceeds from this bond issue are designated for refinancing existing debt, including the repayment of a sellers' credit structured as preference shares, and for general corporate purposes. Applications will be made for the bonds to be listed on the Oslo Stock Exchange and Frankfurt Stock Exchange (or any other segment on Nordic ABM).

Danske Bank and DNB Carnegie served as joint global coordinators and joint bookrunners, with SB1 Markets also acting as joint bookrunner for the transaction. BEWI Invest is a Norwegian industrial owner with a portfolio spanning industrials, real estate, and seafood.