LONDON—Baltic maintenance, repair and overhaul (MRO) firm Magnetic MRO has raised €8 million ($9.1 million) from a bonds issue, which it plans to use to acquire one of its competitors. “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,” the company said Feb. 4. The name of the acquisition target was not disclosed. The bonds, which carry an 8% annual interest ...

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