PHM Group Holding Oyj announces launch of EUR 300 million term loan B

PHM GROUP HOLDING OYJ | STOCK EXCHANGE RELEASE | 10 JUNE 2024 AT 10.00 EEST

PHM Group Holding Oyj (the “Company”) is launching a proposed senior secured term loan B floating rate financing (the “Term Loan B”) with a 7 year maturity in an aggregated amount of EUR 300 million.

In addition to the debt financing the Company has received re-investment commitments in the aggregate amount of EUR 52.4 million from Investis Investments AG and other re-investing sellers.

The Company intends to use the proceeds from the Term Loan B to finance acquisitions and related acquisition costs, including the recent transactions announced on 15 May 2024 and 7 June 2024, and for general corporate purposes.

Pro forma leverage based on Q1 2024 accounting (including EBITDA of the acquired companies and the amount of the Term Loan B) amounts to 5.45x .

Deutsche Bank Aktiengesellschaft and Nordea Bank Abp act as Joint Global Coordinators and Physical Bookrunners for the Term Loan B.

 

PHM GROUP HOLDING OYJ

 

For further information:

PHM Group Holding Oyj

Petri Pellonmaa, Group CFO, +358 40 568 3841, petri.pellonmaa@phmgroup.com

Ville Rantala, Group CEO, +358 50 385 1442, ville.rantala@phmgroup.com

 

PHM Group in brief 

PHM Group is a property services group whose mission is to care about people by taking care of their surroundings. PHM Group consists of the best local companies in the industry with the same values and motivations: entrepreneurship and a fair and responsible way of working. 

PHM Group employs over 10,000 property services professionals in Finland, Sweden, Norway, Denmark and Germany.  The Group's consolidated revenue amounted to EUR 759 million in 2023. PHM Group is owned by the funds managed by Norvestor and the Intera fund together with the management of the local companies. Read more: phmgroup.com