Civinity, one of the largest building maintenance and engineering solutions groups in the Baltics, is launching a public bond issue and plans to raise 8 million euros. The aim is to use the funds to finance new company investments and to refinance the bond issue distributed in 2017.
The distribution of the bond issue will ensure the implementation of the projects prescribed in the Civinity strategy and will allow further investment in measures for the digitization and automation of key business processes, the development of new digital products and the improvement of customers experience. Part of the raised funds will also be used to refinance a bond issue distributed in 2017.
“We see the bond issue as a successful step in implementing the Civinity‘s long-term strategy to become a market leader in transforming the building maintenance and engineering solutions market in the Baltics and beyond.” – says Deividas Jacka, shareholder and CEO of the Civinity group.
The distribution of two-year debt securities will take place in one two-week phase. Civinity bonds will be offered to private and institutional investors at an annual interest rate of 5%. The nominal value of one bond is EUR 1,000.
The bonds are distributed by AB Šiaulių bankas, the company is advised on the legal matters by the law firm TGS Baltic. The newly issued bonds of the company will be included in the alternative securities market First North administered by Nasdaq Vilnius.
“The issue of Civinity bonds is likely to attract a lot of investors’ attention as the company operates in a low-cyclical business sector and has a clear long-term strategy, which it successfully implements.” – says Tomas Varenbergas, Director of Markets and Treasury Department at Šiaulių bankas.
Civinity is distributing its first public bond issue, but this is not the first step in bond markets. 4 years ago, the company distributed 11 million value non-public bond issue, which was redeemed by the funds managed by the independent Polish investment company Credit Value Investments (CVI).
“The issue of Civinity bonds is likely to attract a lot of investors’ attention as the company operates in a low-cyclical business sector and has a clear long-term strategy, which it successfully implements.”Tomas Varenbergas, Director of Markets and Treasury Department at Šiaulių bankas.
This notification is not intended to be distributed to United States news agencies or to be disseminated in the United States of America or other places where such dissemination is inappropriate. In certain jurisdictions, laws may restrict the right to distribute this notification and other information in connection with the public offering. Person, to whom this notification or other relevant information may come, must get informed about such restrictions and comply with them.
This notification is not a solicitation or invitation to acquire securities of AB Civinity (the “Company”) and is not anyhow related to any such solicitation or invitation. Any securities offering will be performed based on information in the Information Document published by the Company on 30 September 2021 (the “Information Document”). The only legally binding document, which gives information about the Company and the Company’s securities offering and their admission to trading on the alternative market First North, is the Information Document, which, as well as other related documents, can be obtained from the Company’s website (www.civinity.com).
Before taking an investment decision, potential investors are recommended to read the Information Document in order to understand all possible risks and return related to the decision to invest into the Company’s bonds. The Information Document has been prepared on the basis that there will be no public offerings of the Company’s bonds other than the public offering in the Republic of Lithuania.
The securities mentioned in this notification have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold within the United States or to U.S. persons, absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act. No public offering of securities will be carried out in the United States of America.