B2 Impact places €150M bond to refinance debt
What's the deal? B2 Impact, the Oslo-listed pan-European debt management firm, has placed a €150 million senior unsecured bond maturing on January 8, 2032. The bond carries a quarterly floating coupon of 3-month EURIBOR plus 2.65% per annum. DNB CarnegieDealroom has a profile for this one. Try Dealroom → and NordeaDealroom has a profile for this one. Try Dealroom → acted as joint bookrunners.
What's the endgame? The net proceeds will fund refinancing of debt and general corporate purposes. B2 Impact buys and manages defaulted loans, providing liquidity to financial institutions across Europe.
Why now? The company is rated BB (Stable) by S&P and Ba2 (Stable) by Moody’s, both sub-investment-grade marks that shape its borrowing costs. Locking in floating-rate funding lets it manage its debt stack ahead of maturities. It will apply to list the bonds on the Oslo Stock ExchangeDealroom has a profile for this one. Try Dealroom →.
The signal: Debt purchasers depend on cheap, reliable funding to buy portfolios of soured loans at a discount, then collect over time. A successful €150 million placement signals continued investor appetite for the sector, even as sub-investment-grade issuers pay a spread over EURIBOR to raise it.
Read more: placera.se
Image credit: Ken Lund
