Conapto has been successfully issued inaugural SEK 500 million (nearly 46 miljoen euro) in senior secured bonds. The bond issue generated strong demand from institutional investors.
As demand for AI infrastructure continues to surge, Conapto wishes to continue to strengthen its position to meet the growing needs of enterprises deploying AI infrastructure in Sweden and across the Nordics with thiss bond financing.
“Through our continued growth and development of sustainable data center capacity, Conapto is also expanding its contribution to Stockholm’s district heating network by reusing excess heat from our data centers to warm homes and buildings, enabling our data centers to become a valuable asset in the community.” says Håkan Björklund, CEO of Conapto.
Conapto currently operate four data centers in the Stockholm region all powered by 100% renewable energy and connected to the 4000 km long district heating network.
Conapto Holding AB (publ) (the “Company” or “Conapto”) has successfully issued senior secured bonds of SEK 500 million under a framework of up to SEK 1,000 million and a tenor of three years (the “Bonds”). The Bonds have a floating interest of 3M STIBOR plus 575 basis points per annum. Conapto intends to list the Bonds on the corporate bonds list of Nasdaq Stockholm within 12 months and Nasdaq Transfer Market within 60 days, with the ambition to have the Bonds admitted to trading within 30 days. The net proceeds from the issuance will be used to refinance existing bank debt and for investments in Conapto’s fourth data center.
