Ellis & Winters Represents Opus Inspection, Inc. in Bond Issuance
Ellis & Winters is pleased to announce that its client, Opus Inspection, Inc., has issued Letter of Credit (L/C) backed bonds valued at USD 60 million as of January 24, 2019. “The main purpose of the refinancing is to decrease Opus’ foreign exchange exposure and secure long-term financing at a favorable cost structure”, says Linus Brandt, CFO & Executive Vice President at Opus.
Kurt Dumaw, corporate partner in Raleigh, said “Ellis & Winters is honored to have served as bond issuer counsel for Opus Inspection and borrower counsel for Opus Group allowing us to continue our ongoing relationship with Opus’ management team, lenders and business partners. We value our continuing relationship and look forward to representing Opus on future projects and assisting its continued growth.”
Opus Inspection, Inc. is a subsidiary of Opus Group AB (publ), a global company in the emission and safety testing and intelligent vehicle support markets with approximately SEK 1.9 billion in revenues in 2017, and approximately 2,500 employees. Opus Group is headquartered in the Gothenburg region of Sweden and has 34 regional offices with 24 located in the United States. Opus Group shares are listed on Nasdaq Stockholm. For further information, please review the Opus press release.