Tempcon Group Issues Senior Secured Bonds of SEK 550 Million

Stockholm, 24 March 2025

• Tempcon Group has successfully issued senior secured bonds totaling SEK 550 million
• The bond issuance was met with significant demand from institutional investors, reflecting strong confidence in Tempcon’s market position
• The net proceeds will be used to refinance existing debt, repay shareholder loans, and support acquisitions and investments

Tempcon Group ("Tempcon" or the “Company"), a majority-owned portfolio company of Accent Equity and Sweden’s leading provider of temperature-controlled logistics, has successfully issued senior secured bonds totaling SEK 550 million, maturing on 28 March 2029. The transaction was met with strong demand from institutional investors, allowing for the bonds to be priced at 3-month STIBOR plus 525 basis points.

The net proceeds from the bond issue will be used to refinance existing debt, repay shareholder loans, and support the Company’s general corporate purposes, including acquisitions and investments. These initiatives will help strengthen Tempcon’s continued growth and reinforce its market-leading position.

"We are pleased and proud of the great interest in our bond from large and reputable investors. The proceeds from the issue will increase our strategic flexibility and contribute to the realisation of our strategic plan" says Christian Hallberg, CEO of Tempcon.

"We are excited to support Tempcon in this next phase of growth. The strong interest in the bond issuance underscores the confidence investors have in Tempcon’s business model and its market position. This transaction is instrumental for the Company’s continued expansion and strategic initiatives, ensuring its leadership in the temperature-controlled logistics sector" says Benny Zakrisson, Partner at Accent Equity.

The bond issuance was executed with Pareto Securities and SEB as joint bookrunners. Gernandt & Danielsson acted as legal advisor to the joint bookrunners, and Mannheimer Swartling advised Tempcon Group.

For additional information, please contact:
Benny Zakrisson, Partner at Accent Equity, +46 76 009 97 75
Christian Hallberg, CEO of Tempcon Group, +46 72 964 76 88

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About Tempcon Group:
Tempcon is a leading provider of temperature controlled logistics mainly serving producers, wholesalers and retailers in the Swedish food industry. The group has a nationwide network coverage when it comes to transport, as well as temperature controlled terminals and warehouses located across the country. In 2024, Tempcon Group generated sales of c. SEK 3.1 billion.
tempcongroup.se

About Accent Equity:
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns.
accentequity.se
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