Sparc Group publishes bond prospectus and applies for listing of the bonds on Nasdaq Stockholm
15 maj, 15:10
Sparc Group publishes bond prospectus and applies for listing of the bonds on Nasdaq Stockholm
On 3 March 2025, Sparc Group AB (publ) (“Sparc Group” or the “Company”) announced that it had successfully issued senior secured bonds for a nominal amount of SEK 1,100 million within a framework of SEK 1,500 million (the "Bonds"). For the purpose of the listing of the Bonds on Nasdaq Stockholm, the Company has prepared a prospectus that today has been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (the “SFSA”) and published the prospectus on the Company’s website. First day of trading of the Bonds on Nasdaq Stockholm is expected to commence on or around 19 May 2025.
The Company has, in connection with the application for the listing of the Bonds, prepared a prospectus which today has been approved by the SFSA in accordance with the Prospectus Regulation. The SFSA only approves the prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. The approval should not be considered as an endorsement of Sparc Group or as an endorsement of the quality of the securities that are the subject of the prospectus and does not indicate that the SFSA guarantees that the facts in the prospectus are correct or complete. The prospectus is available on the Company's website, (https://www.sparcgroup.se/investerare/) and will soon be available at the SFSA's website (https://fi.se/sv/vara-register/prospektregistret/).
The Company will shortly apply for the admission to trading of the Bonds on the corporate bond list on Nasdaq Stockholm. First day of trading of the Bonds on Nasdaq Stockholm is expected to commence on or around 19 May 2025. ISIN for the Bonds is SE0023441522 and the short name is SPRG 101.
Adviser
Baker McKenzie has been acting as legal adviser in relation to the listing of the Bonds.
Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq Stockholm Rulebook for Fixed Income Instruments.
About Sparc Group
Sparc Group AB (publ) is an entrepreneurial group that coordinates and acquires companies in the installation industry. Since its inception in 2021, it has acquired over 90 companies in HVAC, electricity, infrastructure and security. With over 1,000 employees, it currently operates from Malmö in the south to Kalix in the north of Sweden. Growth is based on a common driving force of constant forward movement where human well-being and development are put in focus. The vision is to create Sweden's most sustainable workplace in the installation industry with a big heart.
For more information, please contact:
Oscar Wilhelmsson, Marketing manager,IR & communication
+46 708 857 667
oscar.wilhelmsson@sparcgroup.se
Sparc Group publishes bond prospectus and applies for listing of the bonds on Nasdaq Stockholm
15 maj, 15:10
Sparc Group publishes bond prospectus and applies for listing of the bonds on Nasdaq Stockholm
On 3 March 2025, Sparc Group AB (publ) (“Sparc Group” or the “Company”) announced that it had successfully issued senior secured bonds for a nominal amount of SEK 1,100 million within a framework of SEK 1,500 million (the "Bonds"). For the purpose of the listing of the Bonds on Nasdaq Stockholm, the Company has prepared a prospectus that today has been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (the “SFSA”) and published the prospectus on the Company’s website. First day of trading of the Bonds on Nasdaq Stockholm is expected to commence on or around 19 May 2025.
The Company has, in connection with the application for the listing of the Bonds, prepared a prospectus which today has been approved by the SFSA in accordance with the Prospectus Regulation. The SFSA only approves the prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. The approval should not be considered as an endorsement of Sparc Group or as an endorsement of the quality of the securities that are the subject of the prospectus and does not indicate that the SFSA guarantees that the facts in the prospectus are correct or complete. The prospectus is available on the Company's website, (https://www.sparcgroup.se/investerare/) and will soon be available at the SFSA's website (https://fi.se/sv/vara-register/prospektregistret/).
The Company will shortly apply for the admission to trading of the Bonds on the corporate bond list on Nasdaq Stockholm. First day of trading of the Bonds on Nasdaq Stockholm is expected to commence on or around 19 May 2025. ISIN for the Bonds is SE0023441522 and the short name is SPRG 101.
Adviser
Baker McKenzie has been acting as legal adviser in relation to the listing of the Bonds.
Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq Stockholm Rulebook for Fixed Income Instruments.
About Sparc Group
Sparc Group AB (publ) is an entrepreneurial group that coordinates and acquires companies in the installation industry. Since its inception in 2021, it has acquired over 90 companies in HVAC, electricity, infrastructure and security. With over 1,000 employees, it currently operates from Malmö in the south to Kalix in the north of Sweden. Growth is based on a common driving force of constant forward movement where human well-being and development are put in focus. The vision is to create Sweden's most sustainable workplace in the installation industry with a big heart.
For more information, please contact:
Oscar Wilhelmsson, Marketing manager,IR & communication
+46 708 857 667
oscar.wilhelmsson@sparcgroup.se
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