Swedish refrigeration wholesaler Beijer Ref has raised 1.5 billion Swedish Kronor in a bond sale to fund its acquisition strategy, the company said Tuesday.
The bond, which has a three-year maturity and a floating interest rate, will be listed on Nasdaq Stockholm.
According to the company, the issue was met with significant interest from investors.
The sale is the first under a 7 billion kronor debt program that Beijer Ref established on Sept. 11 to create a more flexible financing base.
When the program was announced, Chief Financial Officer Joel Davidsson said it "enables a more flexible and diversified financing base for continued long-term value creation through acquisitions."
The move comes as the company reports strong financial performance, having recently posted a record-high operating margin for its second quarter.
Beijer Ref has a history of expanding through acquisitions, including the purchase of U.S.-based Heritage Distribution in 2023.
Handelsbanken and Nordea acted as advisors for the bond issue, the company said.
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