“The capital raised will lead to an increased financial flexibility and preparedness for the future development of Björn Borg and our growth ambitions within both current as well as future projects. At the same time, the proceeds from the bond loan provide us with increased capacity to maintain a high and stable dividend level until the annual additional consideration for the acquisition of the trademark Björn Borg terminates in 2016,” says Chairman of the Board Fredrik Lövstedt.
Carnegie Investment Bank has served as advisor and arranger in connection with the issue, and Advokatfirman Cederquist has been legal advisor.
For further information, please contact:
Fredrik Lövstedt, Chairman of the Board, telephone +46-708-59 54 80, fredrik.lovstedt@bjornborg.com
Arthur Engel, CEO, telephone +46-8-506 33 700, arthur.engel@bjornborg.com
Magnus Teeling, CFO, telephone +46-8-506 337 64, magnus.teeling@bjornborg.com
Björn Borg AB
Tulegatan 11
SE-113 53 Stockholm, Sweden
http://www.bjornborg.com
Björn Borg is required to make public this information in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication on March 30, 2012 at 1.30 pm (CET).
