News Tag: Other
XPartners has successfully priced new senior secured floating rate bonds of SEK 1,000 million
NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES. NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON IN ANY JURISDICTION WHERE RELEASE, PUBLICATION OR DISTRIBUTION TO SUCH PERSON IS RESTRICTED BY ANY LAW OR REGULATION APPLICABLE IN SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR ISSUE OR INVITATION TO PURCHASE OR SUBSCRIBE FOR, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES.
XPartners Group AB (publ) (“XPartners”) hereby announces that it has today, following a bookbuilding process, successfully priced new senior secured floating rate bonds in the amount of SEK 1,000 million (the “Additional Bonds”) by way of a tap issue in respect of XPartners’ outstanding SEK 3,000 million senior secured floating rate bonds due 2029 with ISIN SE0025197908, thereby bringing the total bond issue size to SEK 4,000 million.
The Additional Bonds were placed at an issue price of 101.5% (plus accrued interest).
The net proceeds from the Additional Bonds will be used (directly or indirectly) to finance or refinance general corporate purposes, including acquisitions.
Settlement of the issuance of the Additional Bonds is expected to be on or about 26th January 2026. XPartners intends to apply for admission to trading of the Additional Bonds on the Nasdaq Transfer Market.
“The strong interest and an oversubscribed order book confirm the confidence in XPartners and our strategy. The tap issue provides us with continued financial flexibility to drive our profitable growth journey forward,” says Sonny Mirborn, CEO of XPartners Group.
ABG Sundal Collier and Danske Bank acted as Joint Bookrunners. Schjødt acted as legal counsel to the Joint Bookrunners, and Bruun & Hjejle acted as legal counsel to XPartners.
This is a translation of the Swedish original version. The Swedish text is the binding version and shall prevail in the event of any discrepancies.
XPartners explores the possibility to issue new senior secured floating rate bonds and provides a financial update
NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES. NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON IN ANY JURISDICTION WHERE RELEASE, PUBLICATION OR DISTRIBUTION TO SUCH PERSON IS RESTRICTED BY ANY LAW OR REGULATION APPLICABLE IN SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR ISSUE OR INVITATION TO PURCHASE OR SUBSCRIBE FOR, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES.
XPartners Group AB (publ) (“XPartners”) hereby announces that it has mandated ABG Sundal Collier AB and Danske Bank A/S, Danmark, Sverige Filial as joint bookrunners to arrange a series of credit investor meetings to explore the possibility of issuing new SEK denominated senior secured floating rate bonds in the expected amount of SEK 750 million subject to market conditions (the “Additional Bonds”).
The potential Additional Bonds will be issued by way of subsequent bonds under XPartners’ outstanding SEK 3,000 million senior secured floating rate bonds due 2029 with ISIN SE0025197908 (the “Initial Bonds”). The Additional Bonds will be consolidated, and form a single series, with the Initial Bonds.
The net proceeds from the potential Additional Bonds will be used (directly or indirectly) to refinance drawings under the existing super senior revolving credit facility, finance acquisitions and other general corporate purposes.
Financial update
XPartners hereby provides selected key consolidated financial information for XPartners and its subsidiaries (the “Group”) and other information, which has been compiled by XPartners as part of the preparations for the potential issue of the Additional Bonds:
- Net sales of the Group for the twelve months ended 30 November 2025 on a pro forma basis amounted to SEK 3,498 million (excl. the effect of acquisitions signed and/or closed after 30 September 2025)
- Adjusted EBITDA of the Group for the twelve months ended 30 November 2025 on a pro forma basis amounted to SEK 638 million (excl. the effect of acquisitions signed and/or closed after 30 September 2025)
- During Q4 2025, the Group has closed ten acquisitions, which on a combined basis account for SEK 125 million of LTM EBITDA[1]. Additionally, the Group has signed, but not closed during the period, seven acquisitions, which on a combined basis account for SEK 57 million of LTM EBITDA. Adjusted EBITDA of the Group for the twelve months ended 30 September 2025 on a pro forma basis of SEK 641 million, together with the LTM EBITDA of acquisitions closed in Q4 2025 and signed acquisitions, amount to SEK 824 million.
The financial and other information set out above has not been audited or reviewed by XPartners’ auditors.
[1] LTM EBITDA of acquired entities is not necessarily fully representative of underlying EBITDA, due to accruals and/or one-offs in acquired entities.
This is a translation of the Swedish original version. The Swedish text is the binding version and shall prevail in the event of any discrepancies.
XPartners raises SEK 3 billion through bond issue
XPartners has completed a successful SEK 3,000 million bond issue – the largest senior secured SEK high yield transaction in the Nordic bond market to date. The offering attracted strong interest from both Nordic and international institutional investors and was significantly oversubscribed despite the landmark size.
– We’re proud of the trust shown by the investor community. Securing strong, long-term financing from high-quality investors is an important step in building the leading Nordic platform for specialized engineering consultancy, says Sonny Mirborn, CEO of XPartners.
The bonds have a term of four years and carry a floating interest rate of 3-month STIBOR plus 550 basis points. Proceeds will be used to refinance existing debt, support future add-on acquisitions, and for general corporate purposes.
ABG Sundal Collier, Danske Bank, and Nykredit acted as Joint Bookrunners. Schjødt acted as legal counsel to the Joint Bookrunners, and Bruun & Hjejle acted as legal counsel to XPartners.
