Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
6629
Submission date and time
27.04.2018 17:50:00
Content of announcement in Estonian
Title
Lõppes Baltic Horizon Fondi võlakirjade märkimine 30 miljoni Euro ulatuses
Message
Baltic Horizon Fond (Fond), millele S&P Global Rating omistas turu keskmise suurusega ettevõtete krediidivõimelisuse hinnangus (Mid-Market Evaluation) reitingu 'MM3', on lõpetanud 5-aastase tagamata võlakirjade (Võlakirjad) kogusummas 30 miljonit Eurot (30,000 Võlakirja nominaalväärtusega 1 000 Eurot iga Võlakiri) märkimise. Võlakirjade fikseeritud intressimäär on 4,25%, mida makstakse kvartaalselt. Tehing viidi läbi suunatud emissioonina ja märkimises osalesid Balti riikide institutsionaalsed investorid, kelle hulgas olid peamiselt pensionifondid, varahaldurid, kindlustusseltsid ja pangad. Emitent esitab taotluse Võlakirjade noteerimiseks Nasdaq Tallinn nimekirjas. Võlakirjade emissioonist saadavat raha kasutatakse pangalaenude re- finantseerimiseks ja ettevõtte üldisteks vajadusteks, sealhulgas investeerimistegevuseks. ?Me oleme väga rahul Baltic Horizonis, et sisenesime selle tehinguga edukalt Balti võlakirja turule. See annab fondile pikaajalise kasu rohkem hajutatud kapitalistruktuurist, mida toetab juhtivate regionaalsete institutsionaalsete investorite osalemine. Pangalaenude amortiseerimisest tulenevate maksete vähendamine võimaldab meil kasutada fondi vaba rahavoogu meie põhitegevuseks", kommenteeris Tarmo Karotam Fondi fondijuht. "See tehing on meie jaoks väga oluline ja eriline korraldajana. Oleme läbinud väga huvitava tehingu struktureerimise ja täideviimise protsessi, mis võimaldas meil lõpuks leida suurepärane lahendus nii emitendi kui Balti institutsionaalsete investorite huvide rahuldamiseks", kommenteeris Paulius Zurauskas, SEB Balti divisjoni kapitaliturgude osakonna juht. Lisainfo: Tarmo Karotam Baltic Horizon Fond, fondijuht E-mail [email protected] (mailto:[email protected]) www.baltichorizon.com (http://www.baltichorizon.com/) Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS. Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com
Content of announcement in English
Title
Subscription to Baltic Horizon Fund Notes in the amount EUR 30 million completed
Message
Baltic Horizon Fund (Fund) assigned 'MM3' Mid-Market Evaluation Rating by S&P Global Ratings has completed subscription to 5-year Unsecured Notes (Notes) of EUR 30 million (30,000 Notes with nominal value of EUR 1,000 each). The Notes bear a fixed rate coupon of 4,25% to be paid quarterly. The transaction took place under private placement regime and was subscribed by Baltic institutional investors, mainly comprised of pension funds, asset managers, insurance companies and banks. The issuer will apply for listing of the Notes on Nasdaq Tallinn. Proceeds from the Notes will be used for refinancing of loans and for general corporate purposes, including investment activities. ?At Baltic Horizon we are extremely pleased to successfully enter the Baltic bond market with this transaction. It will give the fund a long term benefit of a more diversified capital structure, which is supported by the leading regional institutional investor base. By reducing bank loan amortization payments we are more able to utilize Fund's free cash flow for the purpose of our core activity," comments Tarmo Karotam, fund manager of the Fund. "The deal is very special and important to us as the arranger. We have been through a very interesting structuring and execution process that finally enabled us to find a really great match of interests by the issuer and Baltic institutional investors", comments Paulius Zurauskas, Head of Capital Markets, Baltic Division, SEB. Additional information: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (https://www.globenewswire.com/Tracker?data=nC8fjPUuoCTyr7g2Mu9QLlQNcg3MEtOtVdRg R6czfcg3KdYOhyJhWmPflMEs1k6mBp_54mokgj7yysIuecGsBSsqrySVARvTFZxD-AbvHQPNcww- 9I0TJ- sJ4q0AoyrQv2UrP2VSF_V4Ir9qDk4WgN5Cwgg3GjuuWqfPJ4XCJhjreCDEIEbqWcjdGnEj9HupeeVDOq wr8-9_uYRIKYv88MWiJhfplNpGpcqZ4q7zzelxmL7p- O6hDVQMqZOUKJsO5abtlZNw7xrzzDjQqJmr3g==) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=gcbOCWq2np2_ZnsME6FvGJjXiQKg0jIzw6YK miA0y8LG9LC2FtgnyyMl1OYbV9k0MTOrSQRb5NjIfd4kN6YdaRtPY0r4TN76ki9se021cFLKzAgtX4Zu 5m1Mh_8_-dzzsGSSqx_BJILXIFOB4zsRl7PTVu25vOFOUlIMh-tEr_Pr4zNtX0OKuWI9Z4mb9fxR- MdC-xhHNH8z3hVdn5thJhZx7DQzaEU0ITWmkEcR93n4gVuE2w5LVz- LaXHd9JYPTtYhiyGId29_Lro_A7dmwA==) The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Distribution: Nasdaq, GlobeNewswire, www.baltichorizon.com