Rottneros gives conditional notice of redemption of all outstanding notes with ISIN: SE0010297804
Rottneros AB (publ) (“Rottneros”) today announces that it gives conditional notice of early redemption in relation to its up to SEK 600,000,000 senior unsecured floating rate notes with ISIN: SE0010297804 (the “Notes”), pursuant to which Rottneros will redeem all outstanding Notes subject to new financing.
Today, 22 June 2021, Rottneros has given conditional notice of early redemption to each person directly registered, as of 21 June 2021, in the debt register (Sw. skuldbok) kept by Euroclear with respect to the Notes.
The redemption date will, subject to satisfaction of the Condition (as defined below), be 19 July 2021 (the "Redemption Date"). The Notes will be redeemed at an amount equal to 102.075 per cent of the nominal amount of each Note plus, as at the Redemption Date, accrued but unpaid interest (the "Redemption Amount"). The Redemption Amount will be disbursed to each person who is registered on a securities account as a direct registered owner (Sw. ägare) or an authorised nominee (Sw. förvaltare) with respect to the Notes at the end of business on 12 July 2021 (the "Record Date") in the debt register (Sw. skuldbok). In connection with the redemption, the Notes will be delisted from Nasdaq Stockholm.
The early redemption of the Notes is conditional upon Rottneros entering into a new Facilities Agreement and all conditions for receipt of funds being met, on or prior to the Record Date (the "Condition"). Satisfaction of the Condition will be confirmed to the holders of the Notes through a press release on or prior to the Record Date. If the Condition has not been satisfied prior to the Record Date, the redemption will not occur and it will, in such case, be confirmed to the noteholders through a press release on or prior to the Record Date.
For further information, please contact:
Monica Pasanen, CFO, Rottneros AB
+46 (0)270 622 70, monica.pasanen@rottneros.com
Rottneros AB (publ)
Box 144, 826 23 Söderhamn
+46 (0)270 622 00
rottneros.com
info@rottneros.com
Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on Nasdaq Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes Rottneros Packaging AB, which manufactures fibre trays, the wood procurement company Rottneros Baltic SIA in Latvia and the forest operator Nykvist Skogs AB. The Group has about 318 employees and had a turnover of approximately SEK 2,1 billion in the 2020 financial year.
Tags: