Ahlstrom considers issuance of a new hybrid bond and announces invitation to tender its outstanding hybrid bond
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE September 19, 2013 at 9.45
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Ahlstrom, a global high performance fiber-based materials company, is
considering issuance of a new hybrid bond. 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 80 million.
At the same time, Ahlstrom announces an invitation to tender for cash (subject
to restrictions as provided for in a Tender Offer Memorandum) its outstanding
EUR 80 million hybrid bond (ISIN: FI4000006929) up to the aggregate amount of
the new hybrid bond to be issued. The outstanding hybrid bond was issued in
November 2009, and Ahlstrom may exercise an early redemption option in November
2013.
The purchase price for the outstanding hybrid bond will be 101 percent of the
nominal amount of such notes. The Offer is due to expire at 4 p.m. EET on
September 26, 2013. The settlement date is expected to be October 2, 2013. The
tender offer is subject to the successful completion of the issue of the new
hybrid bond.
A hybrid bond is an instrument which is subordinated to the company's other debt
obligations and which is treated as equity in the IFRS financial statements. The
hybrid bond does not confer to its holders the rights of a shareholder or the
right to vote at shareholders' meetings and does not dilute the holdings of the
current shareholders.
Nordea Markets is acting as the exclusive dealer manager and tender agent for
the Tender Offer and as the coordinator, a joint lead manager and a bookrunner
for the potential new issue. Pohjola Markets is acting as a joint lead manager
and bookrunner for the potential new issue. Hannes Snellman Attorneys Ltd acts
as a legal advisor to Ahlstrom.
For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.
Disclaimer
This release is for informational purposes only and is not to be construed as an
offer to purchase or sell or a solicitation of an offer to purchase or sell with
respect to any hybrid bonds. The distribution of this release and the related
material concerning the issuance of the new hybrid bond and the invitation to
tender the outstanding hybrid bond are prohibited by law in certain countries.
The new hybrid bonds are not being offered and the tender offer for the
outstanding hybrid bonds is not made to the public either inside or outside of
Finland. Persons resident outside of Finland may receive this release and the
related hybrid bond documentation only in compliance with applicable exemptions
or restrictions. Persons into whose possession this release and the related
hybrid bond documentation may come are required to inform themselves about and
comply with such restrictions. This release and the related hybrid bond
documentation may not be distributed or published in any country or jurisdiction
if to do so would constitute a violation of the relevant laws of such
jurisdiction or would require actions under the laws of a state or jurisdiction
other than Finland, including the USA, Australia, Canada, Hong Kong, South
Africa and Japan. The information contained herein shall not constitute an offer
to sell or tender, or a solicitation of an offer to buy or sell the Issuer's
hybrid bonds to any persons in any jurisdiction in which such offer,
solicitation or sale or tender would be unlawful. Ahlstrom's representatives
assume no legal responsibility for such violations, regardless of whether the
parties contemplating investing in or divesting the Issuer's hybrid bonds are
aware of these restrictions or not. Ahlstrom's hybrid bonds have not been and
will not be registered under the US Securities Act of 1933, nor under any
securities legislation of any state in the United States, and they may not be
offered, sold, resold delivered, distributed, bought or transferred in the
United States or to US citizens or on behalf of US citizens, except pursuant to
an exemption from the registration requirements of the Securities Act of 1933
and any applicable state law legislation.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE
[HUG#1730109]
Unternehmensinformation / Kurzprofil:
Datum: 19.09.2013 - 08:45 Uhr
Sprache: Deutsch
News-ID 298184
Anzahl Zeichen: 6087
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 164 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ahlstrom considers issuance of a new hybrid bond and announces invitation to tender its outstanding hybrid bond"
steht unter der journalistisch-redaktionellen Verantwortung von
Ahlstrom Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
