Hannes Snellman Advised on Mekonomen AB’s SEK 1.25 Billion Bond Issue
22 March 2021
Hannes Snellman acted as legal advisor on Mekonomen AB’s issue of senior unsecured bonds of SEK 1.25 billion, within a frame amount of SEK 2 billion, and the listing of the bonds on Nasdaq Stockholm. The bond issue attracted strong interest from Nordic investors and was oversubscribed. The bond proceeds will be used to refinance existing bank debt and for general corporate purposes. Danske Bank, Nordea and SEB acted as joint bookrunners in the transaction.
Mekonomen Group consists of the leading automotive spare-parts chains in the northern Europe, with proprietary wholesale operations, over 470 stores, and almost 3,600 workshops operating under the Group brands. The Group offers a wide and easily accessible range of inexpensive and innovative solutions and products for workshops and car owners.