Borregaard: Borregaard ASA bond buy-back
October 27 2016 - 2:30AM
Borregaard ASA (the "Company") refers to the
Company's announcement on 25 October 2016 regarding a contemplated
buy-back of up to NOK 200 million nominal amount of the bond issue
BRG01 (ISIN: NO0010704117). Outstanding nominal value before the
buy-back of bonds is NOK 400 million, and the bond issue matures on
26 February 2019.
The "reverse Dutch auction" closed at 16:00 CET 26
October 2016. The Company has decided to accept all offers up to
and including a price of 101.1 % of par value (the "Buy-Back
Price"). Bondholders that offered a lower price than the Buy-Back
Price have received full volume allocation, while bondholders who
offered their bond holdings at the Buy-Back Price have received a
scale back in their offered volumes. The Company hereby confirms to
buy back a nominal amount of NOK 200 million in BRG01 at the
Buy-Back Price plus accrued interest on the settlement date, 31
October 2016.
Post settlement, the Company holds NOK 200 million
nominal of the total NOK 400 million nominal outstanding amount in
BRG01.
DNB Markets and SEB acted as Managers for the
buy-back offer.
For further information, please contact:
Per Bjarne Lyngstad, CFO,
Tel: +47 95 24 45 15
This information is subject to the disclosure
requirements pursuant to Section 5-12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Borregaard via Globenewswire
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