Sinch mandates banks to explore issue of senior unsecured notes
STOCKHOLM, Sept. 9, 2024 /PRNewswire/ -- Sinch AB (publ), which is pioneering the way the world communicates through its Customer Communications Cloud, today announces that the company has mandated Danske Bank, SEB and Svenska Handelsbanken as Joint Lead Managers to explore the possibility of issuing new SEK denominated senior unsecured notes under the recently established MTN program. The transaction is expected to be launched in the near future, subject to market conditions, and will further diversify Sinch's sources of funding. Proceeds will be used to refinance outstanding debt and will not increase net indebtedness.
Please also see press release regarding changes in the financial leverage policy, https://investors.sinch.com/press-releases.
For further information, please contact:
Ola Elmeland
Investor Relations Director
Mobile: +46 721 43 34 59
E-mail: investors@sinch.com
About Sinch
Sinch is pioneering the way the world communicates. More than 150,000 businesses – including many of the world's largest tech companies – rely on Sinch's Customer Communications Cloud to improve customer experience through mobile messaging, voice and email. Sinch has been profitable and fast-growing since it was founded in 2008. It is headquartered in Stockholm, Sweden, with shares traded at NASDAQ Stockholm: XSTO: SINCH. Learn more at sinch.com.
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SOURCE Sinch AB
