Studsvik to redeem SEK 100 million under its bond loan
Studsvik AB (publ) announces that the company partially redeems all bonds with a total amount of SEK 100 million under its SEK 300 million bond loan.
Studsvik will now exercise its option for voluntary partial redemption of the company’s bond loan, 2016/2019 with ISIN SE0007953922 (the “ Bonds ”), and has given notice of this to all holders of Bonds.
The date on which the redemption will occur will be 22 November 2016. The total outstanding amount of the Bonds is SEK 300 million and a total amount of SEK 100 million of principal debt outstanding under the Bonds will be redeemed (SEK 99,900,000 after rounding off, i.e. SEK 333,000 per Bond, the nominal amount being SEK 1 million), resulting in partial redemption of all Bonds by way of reduction of the nominal amount of each Bond pro rata .
Each Bond will be redeemed at a price equal to 103.50 per cent of the repaid nominal amount ( i.e . SEK 344,655 per Bond).
The repayment will be disbursed to bondholders who on the record date, which will be 15 November 2016, are registered as owners of Bonds.
The company’s notice of voluntary partial redemption is irrevocable and governed by Swedish law.
For further information please contact:
Pål Jarness, CFO, +46 155 22 10 09
Facts about Studsvik
Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as consultancy services, and fuel and materials technology. The company has over 65 years experience of nuclear technology and radiological services. Studsvik has 700 employees in 7 countries and the company’s shares are listed on the Nasdaq Stockholm.
This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and/or the Securities Market Act and the Financial Instruments Trading Act . The information was released for public disclosure, through the agency of the contact person above, on October 17, 2016, at 08:30 am (CEST).