Intrum Seeks €525 Million in 2031 Secured Bonds as It Returns to Europe’s Junk Market
Updated
Updated · Bloomberg · Jul 6
Intrum Seeks €525 Million in 2031 Secured Bonds as It Returns to Europe’s Junk Market
1 articles · Updated · Bloomberg · Jul 6
Summary
€525 million is the target for Intrum AB’s new senior secured bond sale, marking its first return to Europe’s high-yield market since a restructuring triggered by surging financing costs.
2031 is the maturity on the proposed bonds, and Intrum said the proceeds will redeem its euro- and Swedish-krona senior secured notes due in 2027.
Deutsche Bank and DNB Carnegie are running the deal, which follows an equity raise as the Swedish debt collector tries to refinance and extend its debt profile.