Ellex Raidla advised Magnetic MRO on the issuance of bonds
Magnetic MRO, a global provider of Total Technical Care for aircraft operators and lessors, issued bonds in the total aggregate value of EUR 8 million. Capital raised with the bond issue will be used for acquiring a competitor operating in the same industry and further expanding Magnetic MRO’s business. In February Nasdaq (NDAQ) announced that the bonds of Magnetic MRO were admitted to trading to the Nasdaq Baltic First North by Nasdaq Tallinn.
Magnetic MRO is a Total Technical Care maintenance and asset management organisation with a global presence and two decades of worldwide experience. The company has a well-established reputation in innovative solutions in digitalised MRO services and proven track record as a one-stop total technical care organization for airlines, asset owners, OEMs and operators.
The CEO of Magnetic MRO Risto Mäeots believes in a warm reception from the Baltic capital market: “Magnetic MRO has expanded rapidly in the last couple of years. Despite our fast growth, we hold a very small percentage of the global aircraft maintenance market and there is a lot of room for us to gain a bigger market share. Furthermore, our expansion plans are supported by the industry’s overall stable growth.”