PE-Backed ISS Plans To Raise $1.5B In Public Debut

Law360, New York (February 18, 2014, 12:04 PM EST) -- Private equity-backed ISS A/S is planning an initial public offering on the Nasdaq OMX Copenhagen that is expected to raise 8 billion Danish kroner ($1.47 billion) for the outsourcing firm, according to a Tuesday statement.

The company plans to pay down existing credit facilities and a new banking facilities agreement establish for the IPO, according to the statement. ISS also hopes to use the proceeds to promote further growth in Denmark and abroad, Group CEO Jeff Gravenhorst explained in a statement.

"The intended IPO is expected...
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