Axactor ASA ("Axactor"), rated B (Stable) by S&P and B1 (Positive) by Moody's,
has mandated Arctic Securities, DNB Markets and Nordea to arrange a series of
fixed income investor meetings commencing Friday, 18 August 2023. A new 4-year
senior unsecured floating rate bond issue of NOK 2 billion (expected) may
follow, subject to inter alia market conditions.
In connection with the potential new bond issue, Axactor will offer a
conditional buyback of its outstanding bond with ticker "ACR02" due 12 January
2024 (ISIN NO0010914666), which will be contingent upon subscription in the new
bond. Subject to completion of the potential new bond issue, Axactor will call
the remaining net outstanding amount of ACR02 in whole.
Geveran Trading Co Ltd. ("Geveran"), the largest shareholder of Axactor, has pre
-subscribed for NOK 750 million with preferred allocation in the new 4-year
senior unsecured bond issue. Potential investors should not place any reliance
on Geveran's investment when making their investment decisions.
For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com
Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com
To learn more about Axactor, visit
www.axactor.com (https://urldefense.com/v3/__http:/www.axactor.com/__