Capnor Weasel Bidco Oyj gives notice for conditional early redemption of its notes, and mandates Nordea Bank Abp in connection with the issuance of new senior secured notes
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Press release
Helsinki 4 March, 2024
Capnor Weasel Bidco Oyj (the "Company") today informed the holders of its up to EUR 100,000,000 senior secured floating rate notes 2019/2025 with ISIN SE0013513488 issued by the Company (the "Notes") of its intention to redeem the Notes early, conditional upon the successful issuance of new senior secured floating rate notes by the Company
Conditional Early Redemption
Today, 4 March 2024, the Company has sent a conditional notice for early redemption (the “Notice”) to each person registered in the debt register (Sw. skuldbok) with respect to the Notes on the Record Date.
The redemption date for the Notes will, subject to the satisfaction or waiver of the Condition (as defined below) or extension of the notice period, be 27 March 2024 (the "Redemption Date"). The Notes will be redeemed at an amount equal to 100 per cent. of the nominal amount (i.e. EUR 100,000 per note) (the "Redemption Price") plus accrued but unpaid interest up to and including the Redemption Date. The redemption amount will be disbursed to each person who is registered on a securities account as a direct registered owner (Sw. direktregistrerad ägare) or an authorised nominee (Sw. förvaltare) with respect to a Note at end of business on 20 March 2024 (the "Record Date") in the debt register.
The redemption of the Notes described herein is, in all respects, subject to and conditional upon the successful issuance of new senior secured floating rate notes by the Company (the "New Notes") for the purpose of inter alia refinancing the Notes (the "Condition") and the Company shall not, and shall have no obligation to, redeem any of the Notes pursuant to the Notice unless the Condition has been satisfied or waived. The Company will notify the Noteholders of the satisfaction or waiver of the Condition or the extension of the notice period through a press release no later than 19 March 2024.
If the Condition is satisfied or waived and the notice period has not been extended by the Company, the Notes will be de-listed from Nasdaq Stockholm.
Proposed issuance of the New Notes
The Company has mandated Nordea Bank Abp to organise investor meetings to explore the possibility of issuing the New Notes, subject to market conditions.
For further information, please contact:
Timo Pirskanen, CFO, tel. +358 (0)44 435 2329
This information is information that Capnor Weasel Bidco Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 4 March, 2024.