KGH Customs AB (publ) redeem all outstanding bonds under its SEK 400 million bond loan
KGH Customs AB (publ) (“KGH” or the “Company”) has given notice to all holders of the Company’s SEK 400,000,000 9% Bonds 2012/2015 (ISIN: SE0004549988) (the “Bonds”) that the Company has resolved in accordance with clause 8 of the terms and conditions for the Bonds on early redemption of all outstanding Bonds.
The early redemption will occur on 18 December 2013 (the “Early Redemption Date”) and the record date for early redemption will be 11 December 2013. In accordance with the terms and conditions of the Bonds, the early redemption amount will be SEK 1,040,000 per Bond, which constitutes 104 per cent of the nominal amount of each Bond. Accrued but unpaid interest up to and including the Early Redemption Date will also be paid to the bondholders on the Early Redemption Date.
The Bonds will be delisted from the corporate bond list at NASDAQ OMX Stockholm on or about 11 December 2013.
The Company’s notice on early redemption is irrevocable and is governed by Swedish law. This press release is, for the avoidance of doubt, not an offer to purchase or sell financial instruments.
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For further information, please contact:
KGH
Vidar Gundersen, CEO, tel. +46 70-346 29 00
Magnus Lidstedt, CFO, tel. +46 70-375 76 17
About KGH
KGH Group is an independent provider of customs services, including Customs Declarations, VAT Representation, Customs Consulting, Customs Academy and Border Services. KGH provides its competence through own presence in Europe and globally with its partner network. The company was founded in 1963. Today, it has more than 13,000 customers throughout Europe. KGH Group has its own offices at all major ports and border in Europe, and has over 500 employees in Sweden, Norway, Denmark, Belgium, the Netherlands, Germany and Austria. More on: www.kghcustoms.com