Pricer has issued SEK 300 million of senior unsecured floating rate notes in a SEK 500 million framework. This is stated in a press release.
The proceeds from the bond issue will be used to refinance the outstanding amount of the company's existing bonds of SEK 250 million, finance transaction costs and general corporate purposes in order to create conditions for expected future growth.
The bond issue was increased by an additional SEK 50 million compared to the initial intended volume of SEK 250 million communicated at the launch of the offering on December 3.
The bonds carry an interest rate of three months Stibor plus 400 basis points, which is 287.5 basis points lower than the existing bonds. The new bonds have a maturity of three years.
The existing bonds will be redeemed early at a price corresponding to 101 percent of the nominal amount per bond plus accrued and unpaid interest until the settlement date for redemption, which is expected to be January 10, 2025.
The Company further intends to enter into a new revolving credit facility, expected to amount to SEK 150 million, with Nordea Bank in order to replace its existing revolving credit facility, which amounts to SEK 50 million.
Pricer AB is a provider of digital shelf-edge solutions. The Company develops and markets a system consisting of components for communication in a store environment. The Company has over 15,000 installations in over 50 countries. Its solutions include shopper solutions, store manage solutions, price automation and communication platform. Its product offering enables users to display and change prices of a whole store; help shoppers find what they want in a Pricer equipped store; use scheduled SmartFLASH functionality to automate promotions; validate that all products are in the correct place according to the floor plan; make sure prices are the same in the store as in the Web shop; give any near field communications (NFC) enabled smartphone the ability to show added product info, and draw, synchronize and show maps on mobiles and on the Web, among others. The platform's other features include geofencing, infrared geopositioning, in-store navigation, Shelf label and in-store picking.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
