Nordiqus secures SEK 8.6 billion of refinancing

Nordiqus secures SEK 8.6 billion of refinancing

“We are pleased that our business has the support of a number of institutions and this refinancing puts Nordiqus in a strong position going forwards.”

Following the launch of the new brand and name over nine months ago, Nordiqus has taken the next step to develop the company and its portfolio of assets. Supported by a long-term investment-grade infrastructure rating, Nordiqus has refinanced approximately SEK 8.6 billion, corresponding to approximately USD 800 million.

Samuel Spetz, CFO of Nordiqus, tells us more about the refinancing announcement.

“Thanks to our strong financial profile, we have attained a favorable credit rating, which enables us to access attractive capital market financing. The private placement bonds are issued directly in SEK and NOK in the private placement market with maturities of 10 and 15 years, giving us reduced interest rate and refinancing risk, providing us with long-term stability. We are very pleased that our business has the support of a number of institutions and this financing puts Nordiqus in a strong position going forwards.”

Nordiqus CEO Jenny Rehn explains that the infrastructure rating and the long-term approach to financing are natural for the company, as the business model is operated with low operational risk and is supported by long, inflation-linked contracts with customers.

“I am very pleased to announce this refinancing, as it enhances our capabilities to be an even better partner to our customers and the municipalities where we operate. This will strengthen our position as a driving force within educational infrastructure as we contribute to building educated societies – by developing attractive facilities and environments for learning.”