NAXS makes a USD 3m investment in a new USD 150m senior secured bond issued by Jackel AS
NAXS has made a USD 3m investment in a new USD 150m senior secured bond issued by Jacktel AS, a wholly-owned subsidiary of Master Marine AS (the "Bond").
The Bond has a tenor of 5 years and a coupon of 10% p.a., with quarterly interest payments.
Together with a super senior bank facility of USD 100 million, the Bond will be used to refinance the outstanding debt of Jacktel AS and Master Marine AS.
Master Marine AS is a portfolio company of Nordic Capital CV1 LP, where NAXS is an investor.
Contact information:
Lennart Svantesson, CEO
Telephone: +46 73 311 00 11
The information was submitted for publication, through the agency of the contact person set out above, at 11.30 CET on November 12, 2018.
This press release and further information is available on the Company's website: www.naxs.se
NAXS AB (publ)
Corp. Reg. No. 556712-2972
Grev Turegatan 10
114 46 Stockholm, Sweden
Tel: +46 8 611 33 25, E-mail: info@naxs.se
NAXS is a company listed on NASDAQ Stockholm, and investing primarily in private equity funds with a Nordic focus. NAXS may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments.
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