Forchem Oy successfully raises EUR 70 Million in a Senior Secured Bond

On June 25, Forchem Oy successfully placed a EUR 70 million senior secured bond loan. The bonds, maturing in 2020, will bear a fixed interest rate of 4.90% (paid semi-annually). The proceeds from the bond issue will be used to refinance existing debt. The company aims to list the bonds on NASDAQ within one year from the issue date.

The transaction was well received by the market and the demand from both Nordic and European investors were strong, as evidenced by the heavily oversubscribed book and the large number of investors. Altogether almost 50 investors, both institutional and private, participated in the issue. Due to the strong demand the transaction was closed at the same day as it was publically launched.

”With a new finance solution in place, Forchem establishes a strong footprint in the Nordic capital market which supports the company's and its owners long term dedication to its business and Nordic presence. The strong investor demand and closing the bond early reflects a great trust in Forchem business, its strong market position in Europe and well reflects the successful development of the company in recent years after being acquired by Grupo Respol” says Risto Näsi, CEO of Forchem Oy.

Pareto Securities acted as Sole Bookrunner in connection with the bond issue.

For more information, please contact:

Risto Näsi, CEO of Forchem Oy

Markus Wirenhammar, Partner – Fixed Income, Pareto Securities
Tel.: +46 708 72 51 86,