Nobina will release its Q1 report in advance. Intends to repay the outstanding senior bonds in full.
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Nobina AB (publ) has, as a result of its contemplated initial public offering, decided to release the interim report for the first quarter of the fiscal year 2015/16 ahead of earlier communicated schedule. Shortly after completion of the offer, Nobina intends to use SEK 638 million of the net proceeds from the offer to repay the outstanding senior bonds (the “Bonds”) in full.
The interim report for the period 1 March to 31 May 2015 will be released on 15 June 2015. Previously communicated date was 26 June 2015.
Following the publication of Nobina’s prospectus and announcement of the price range for its initial public offering (“the IPO” or “the Offering”) and listing of its shares on Nasdaq Stockholm, the bond holders are informed that:
(i) Nobina, shortly after completion of the offer, intends to use SEK 638 million of the net proceeds from the offer to repay the Bonds in full by exercising Nobina Europe’s right in the terms and conditions to redeem the Bonds early.
(ii) The Bonds will be redeemed with an amount corresponding to the sum of:
(i) 104% of the Bonds’ principal amount,
(ii) the accrued interest on the Bonds, and
(iii) the sum of the remaining interest payments up to, and including, 14 November 2016.
This will result in a payment by Nobina of SEK 88 million and that Nobina’s net indebtedness is reduced by SEK 550 million. A notice with information regarding the record date for the redemption and the redemption date will be sent to the bondholders no later than 15 banking days before the redemption date.
For further information, please contact:
Stina Thorman, Acting Head of Investor Relations, Nobina
Telephone: +46 8 410 650 71
Nobina is the largest and most experienced public bus transport service provider in the Nordic region. The Company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina an industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that more than one million people arrive at work, school or other activities by delivering contracted public bus transport services in Sweden, Norway, Finland and Denmark. In addition, Nobina offers express bus services under the Swebus brand in the Swedish market. The Company has approximately 7,600 full-time equivalent employees and is headquartered in Stockholm. For more information, visit: www.nobina.com.
Nobina AB (publ) discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 7.15 p.m. CET on Wednesday, 3 June 2015.