Axactor ASA: Successful placement of new senior unsecured bond issue
Axactor ASA ("Axactor"), rated B1 (Positive) / B (Stable) by Moody's/S&P, has
successfully completed a new 4-year senior unsecured bond issue of NOK 2,300
million. The bond will carry a coupon of 3m NIBOR + 8.25%. The net proceeds
from the bond issue will be used to call the remaining outstanding amount of
"ACR02" (ISIN NO0010914666) and for general corporate purposes. An application
will be made for the bonds to be listed on Oslo Stock Exchange.
Concurrently with the new bond issue, Axactor has repurchased approximately EUR
49.6 million in the outstanding bond issue "ACR02".
Arctic Securities, DNB Markets and Nordea acted as Joint Lead Managers in
connection with the placement of the bond issue.
For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
To learn more about Axactor, visit www.axactor.com