Ellis & Winters Serves as Lead Counsel for Issuer’s $50 Million Bond Financing
Ellis & Winters is pleased to announce that its client, Opus Group AB (publ), has issued $50 million Letter of Credit Backed Bonds in the United States.
In a press release on October 11, 2017, Linus Brandt, CFO and Executive Vice President of Opus, states, “These L/C backed bonds will further decrease Opus’ foreign exchange exposure in USD, lower our financing cost and support our growth plan.”
Kurt Dumaw, corporate partner in Raleigh, said “Ellis & Winters is honored to have served as bond issuer counsel for Opus Group allowing us to continue our ongoing relationship with Opus’ management team, lenders and business partners. We look forward to representing Opus on future projects and assisting its continued growth.”
Opus Group AB (publ), is a leading vehicle inspection and vehicle services company headquartered in Sweden, with operations in Europe, North and South America and Asia. Opus Group shares are listed on Nasdaq Stockholm. For further information, please visit the Opus press release here.