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