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Go North Group AB (publ) bond refinancing

EQS-News: Go North Group AB / Key word(s): Bond
Go North Group AB (publ) bond refinancing
13.01.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

 

 

 

Gothenburg 13 January 2023

 

Go North Group AB (publ) announces fixed income investor meetings to evaluate bond refinancing and provides financial update

 

Go North Group AB (publ) ("Go North" or the "Group") has mandated Pareto Securities AB to arrange a series of fixed income investor meetings commencing on 17 January 2023. Subject to, inter alia, market conditions, a 3-year senior secured floating rate bond issue in an initial amount of up to SEK 500 million may follow (the "Bond Issue").

The proceeds from the contemplated Bond Issue will be used to finance the redemption of Go North's existing bond loan with ISIN SE0018040867, finance transaction costs, and for general corporate purposes of the Group, including investments and acquisitions.

In conjunction with the contemplated Bond Issue, Go North publishes certain preliminary financial information. For the twelve months period ended November 2022, revenue and adjusted EBITDA amounted to SEK 427 million and SEK 81 million, respectively, on a pro-forma basis. Gross interest-bearing debt amounted to SEK 275 million whereas the total cash position amounted to SEK 168 million.

 

 

For more information, please contact:

Johan Hallenby, CEO/Founder

Tel:   +46 735 070707

Mail: johan.hallenby@gonorth.co

 

Information:

This information is information that Go North Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 13 January 2023.

 

 

About Go North:

Go North Group AB (publ), acquiring and scaling Amazon FBA brands and has in just over a year built a portfolio of 30 brands, diversified across a variety of Amazon categories, ranging from pets, sports, and outdoors to kitchen supplies. In parallel, Go North has now built a team of about 50 people, with several key hires coming with Amazon Aggregators and marketplace experience, spread across Europe the US, and Asia. Continued investments in technology and data are business critical and within the Go North DNA, to ensure strengthen our processes, and make data-driven and informed decisions to create future repeatable and scalable profit growth for the group.

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.


13.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Go North Group AB

Norra Allégatan 5

413 01 Göteborg

Germany

Phone:

+46761876853

E-mail:

hello@gonorth.co

Internet:

https://gonorth.co/

ISIN:

SE0018040867

WKN:

A3K8VZ

EQS News ID:

1534217


 

End of News

EQS News Service

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