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United States : Ahlstrom considers issuance of a new bond and announces a voluntary tender offer for its outstanding bond

September 2, 2014



Ahlstrom considers issuance of a new bond and announces a voluntary tender offer for its outstanding bond. Ahlstrom, a global high performance fiber-based materials company, is considering issuance of a new unsecured fixed rate bond with a maturity of five years. The potential issue is expected to be launched in the near future subject to market conditions. The targeted size of the issue is approximately EUR 100 million.

At the same time, Ahlstrom announces a voluntary tender offer for cash (subject to restrictions provided in the Tender Offer Memorandum) of its EUR 100,000,000 4.5 percent notes maturing on November 10, 2015. The maximum amount of notes tendered under the tender offer is EUR 100,000,000 and the tender offer is subject to, for example, completing the issuance of the above mentioned new bond.

The offer period starts on September 1, 2014 and ends at 4 p.m. on September 10, 2014. The settlement date is expected to be September 15, 2014.

The proceeds from the issuance of the new bond will be used for refinancing and general corporate purposes of the Group. An application will be made to list the bond on the official list of the NASDAQ OMX Helsinki Ltd.

Danske Bank and SEB act as joint lead managers for the new bond and Danske Bank acts as the dealer manager and tender agent for the tender offer.


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Source: TendersInfo (India)


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