Carnegie Investment Bank Norway is proud to have acted as Joint Bookrunner in connection with Fibo Group AS successful issuance of NOK 500 million senior secured bonds.
The bond issue attracted strong interest from both Nordic and European credit investors and was substantially oversubscribed, pricing at 3m NIBOR + 600bps with a 3-year tenor. The net proceeds from the bond issue will be used to refinance existing debt, pay a one-time dividend and fund general corporate purposes.
Fibo is a leading manufacturer of high-quality wet room wall panels, kitchen backsplashes, countertops and accessories. The company is a recognized player in the wet room wall panel market, with a ~70% market share in Norway and a rapidly growing international footprint.
Carnegie congratulates Anders Carlson, Per Richard Olsen, Scott Beattie and the rest of the Fibo team with the successful transaction and look forward to continuing our support of Fibo going forward.