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FINWIRES

Embracer Group Signs SEK2 Billion Revolving Credit Facility Deal

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Embracer Group (EMBRAC-B.ST) secured a 2 billion-krona revolving credit facility aimed at consolidating its existing commitments and replacing several bilateral loans with different credit institutions.

The new facility has a tenor of two years plus a two-year extension option, with enhanced terms, including a lower credit margin for utilized debt, according to a Tuesday release. Proceeds will be used for general corporate purposes, and the facility will be replaced after the planned spinoff of Embracer's Fellowship Entertainment unit in 2027.

SEB served as the coordinating mandated lead arranger and bookrunner for the transaction, along with DNB Bank's Sweden branch, Nordea Bank, and Swedbank.

What else is happening in Treasury?

Treasury

Danone Launches EUR1.5 Billion Triple-tranche Bond Issue

Danone (BN.PA) issued a 1.5 billion-euro bond in three tranches to improve funding flexibility and extend the maturity of its debt, according to a Monday release.The offering includes three tranches of 500 million euros each, with the first 18-month tranche carrying a floating coupon of three-month Euribor + 0.30% and the second and third tranches carrying coupons of 4.0910% and 4.4180% and maturities of five and nine years, respectively.The French food products company expects to settle the offer on Sept. 28. The bonds will be listed on Euronext Paris.

$BN.PA
Treasury

Cham Swiss Properties Places CHF100 Million Bond

Cham Swiss Properties (CHAM.SW) said Monday that it placed a 1.6% fixed-rate bond with a principal amount of 100 million francs and a term of five years.Settlement of the bond is scheduled for Oct. 27. The Swiss real estate company earmarked the proceeds for its development pipeline and the repayment of short-term loans.

$CHAM.SW
Treasury

Bper Banca Issues EUR500 Million Green Bond

Bper Banca (BPE.MI) said Monday that it issued a 4.125% green senior non-preferred bond with a principal amount of 500 million euros and a term of four years.The Italian lender issued the fixed-rate notes at 99.87% of the principal amount following oversubscription, with total orders above 1.9 billion euros.Proceeds from the issuance will be used for eligible green assets in line with the green, social and sustainability bond framework of the group.

$BPE.MI