Contemplating new bond issue
(Thomson Reuters ONE) -
Sandvika, April 12, 2011: Renewable Energy Corporation ASA (REC) is
contemplating the issue of new senior, unsecured bonds in the Norwegian market
with tenors of 5 and 7 years respectively. In connection with this bond offering
REC intends to offer a partial and conditional buy-back offer of outstanding
bonds under REC01. The purpose of the bond issue is to extend the maturity
profile of REC's debt, and the net proceeds will be used for general corporate
purposes.
Furthermore REC has in the first quarter repaid and cancelled debt facilities
with maturity in 2013 totalling NOK 2.3 billion.
DnB NOR Markets, Nordea Markets, and SEB Merchant Banking have been appointed as
advisors to this transaction.
For further information, please contact:
DnB NOR Markets + 47 22 01 77 89
Nordea Markets + 47 22 48 77 82
SEB + 47 22 82 72 58
REC contact:
Mikkel Tørud, VP & IRO +47 97 69 91 44
About REC
REC is a leading vertically integrated player in the solar energy industry. REC
is among the world's largest producers of polysilicon and wafers for solar
applications, and a rapidly growing manufacturer of solar cells and modules. REC
is also engaged in project development activities in selected PV segments.
Founded in Norway, REC is an international solar company, employing more than
4,200 people worldwide. REC had revenues close to NOK 14 billion in
2010. Please visitwww.recgroup.com to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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: Renewable Energy Corporation ASA via Thomson Reuters ONE
[HUG#1505656]
Unternehmensinformation / Kurzprofil:
Datum: 12.04.2011 - 16:28 Uhr
Sprache: Deutsch
News-ID 53431
Anzahl Zeichen: 2412
contact information:
Town:
HØVIK
Kategorie:
Business News
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"Contemplating new bond issue"
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