Hedin Mobility Group AB (publ) contemplates issue of bonds of up to SEK 1,500 million
MÖLNDAL, SWEDEN, June 21, 2023 -- Hedin Mobility Group AB (publ) (“Hedin Mobility Group” or the “Company”) has mandated Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”) and DNB Bank ASA, Sweden Branch (“DNB”) to arrange investor meetings starting on June 26, 2023.
An issue of senior unsecured floating rate bonds in Swedish kronor, with a volume of up to SEK 1,500 million may be made subject to, inter alia, prevailing market conditions (the “Bond Issue”).
The potential issue proceeds will be used to finance general corporate purposes, including acquisitions and investments.
Born Advokater KB has been engaged as a legal counsel to the Company, and Gernandt & Danielsson Advokatbyrå KB has acted as legal counsel to Danske Bank and DNB in connection with the Bond Issue.
For more information, please contact
Magnus Matsson
PR & Communication Manager, Hedin Mobility Group
+46 31 790 00 82
ir@hedinmobilitygroup.com
The information was submitted for publication, through the agency of the contact person set out above, on June 21, 2023, at 11:30 CEST.
About Hedin Mobility Group
Hedin Mobility Group is one of Europe's largest mobility providers, with more than 8,000 employees and operations in 14 countries. In 2022, Net sales amounted to SEK 52.7 billion (approx. €4.8 billion) and the Group sold more than 180,000 vehicles.
Our operations consist of three main business areas:
- In Distribution, we are a significant importer/distributor of vehicles, spare parts, tires, rims and wheels as well as accessories on the European market. We are importer and/or distributor for BYD, Dodge and RAM, Ford and Ford F-150, Hongqi, INEOS Grenadier, MG as well as Renault, Dacia and Alpine. Within spare parts we are, among other things, an authorised partner for GM and Mopar in Europe as well as the exclusive global supplier of Saab Original parts.
- In Retail, we represent over 40 brands and provide a comprehensive offer – sales, financing, insurance, and aftermarket services – comprising new and used passenger cars, commercial vehicles, and trucks to both private and corporate customers. Sales take place both online and via a European dealer network comprising some 270 own dealerships with a total of over 550 sales points under names such as Hedin Bil, Hedin Automotive, Bavaria and Motor-Car.
- In Mobility solutions, we address new user needs and sales models in the automotive industry by providing and developing innovative services. Through Carplus, Unifleet, and MABI Mobility, users are offered various flexible mobility solutions.
Hedin Mobility Group's operations also include Hedin IT, which provides the Group with high-end operations, support and digital development, as well as strategic investments in Pendragon PLC, Lasingoo Sverige, Casi (formlerly Imove), and Mercedes-Benz Financial Services Slovakia.
Read more on www.hedinmobilitygroup.com
Part of Hedin Group
Hedin Mobility Group is part of the Hedin Group together with Tuve Bygg AB and I.A. Hedin Fastighet AB. Hedin Group is also a partner in Consensus Asset Management and Ripam Invest AB, which owns Marstrands Kurhotell, Kurbadhus and Societetshus.
www.hedingroup.com