Moll Wendén has acted as legal advisor to OXE Marine AB (publ) in a comprehensive recapitalisation. The recapitalisation has included a fully secured rights issue of approximately SEK 78 million, a directed share issue to the bondholders to set off all outstanding bonds and a restructuring of the company’s debt financing with the EIB of approximately SEK 243 million. The recapitalisation means that the company’s financial position pro forma goes from a significant net debt to a net cash position.

OXE Marine AB, founded in 2012, is a company based in Sweden that is behind the world’s first high-performance diesel outboard engine. The company’s unique and patented solutions for high torque transmission between powerhead and lower leg has led to a global high demand for the company’s outboards.

For more information, see OXE Marine AB’s press release here.

Moll Wendén’s team consisted mainly of Henric Stråth (responsible partner), Eira Sjösvärd, Hannah Wilör and Gunnar Bramstång.