Finland based and a high performance fiber-based materials company, Ahlstrom said it will issue a new bond and a voluntary tender offer for its outstanding bond.
Ahlstrom will issue the new unsecured fixed rate bond with a maturity of five years, with an issue size of EURO 100 million and will be launched at a future date keeping in mind market conditions.Finland based and a high performance fiber-based materials company, Ahlstrom said it will issue a new bond and a voluntary tender offer for its #
Ahlstrom also announced a voluntary tender offer for cash of its EURO 100 million, 4.5 percent notes maturing on November 10, 2015.
The maximum amount of notes tendered under the tender offer is EUR 100 million subject to completing the issuance of the above mentioned new bond.
Ahlstrom said the offer period begins on September 1, 2014 and ends on September 10, 2014, with settlement to be done on September 15, 2014.
Ahlstrom added that the proceeds from the issuance of the new bond will be used for refinancing and general corporate purposes of the Group.
The nonwovens producer will also make an application to list the bond on the official list of NASDAQ OMX Helsinki Ltd.
In 2013, Ahlstrom's net sales from continuing operations amounted to EURO 1 billion and its 3,500 employees serve customers in 24 countries.
Fibre2fashion News Desk - India
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