Correction to previous stock exchange release: Ahlstrom issues EUR 80
million hybrid bond
(Thomson Reuters ONE) - Ahlstrom Corporation STOCK EXCHANGE RELEASE 09.11.2009As a correction to the heading of the previous stock exchange releasepublished on November 9, 2009 at 15.12 EET, Ahlstrom Corporationannounces that it issues EUR 80 million hybrind bond instead of EUR80 hybrid bond.Ahlstrom Corporation, a leading supplier of nonwovens and specialtypapers, has resolved to issue a EUR 80 million domestic hybrid bond.The coupon rate of the bond is 9.50% per annum. The bond has nomaturity but the company may call the bond after four years. The bondwas oversubscribed.The hybrid bond will strengthen Ahlstrom's capital structure. Thearrangement will also abrogate the impact of the dividend paymentrestrictions related to the reduction of the gearing ratio that wereincluded in the EUR 200 million revolving credit facility agreementsigned in July 2009.A hybrid bond is an instrument which is subordinated to the company'sother debt obligations and which is treated as equity in the IFRSfinancial statements. Hybrid bonds do not confer to their holders theright to vote at shareholder meetings and do not dilute the holdingsof the current shareholders.The lead manager of the bond issue was Nordea Markets.For further information, please contact:Ahlstrom CorporationJan LångPresident & CEOTel. +358 10 888 4700Seppo ParviCFOTel. +358 10 888 4768Distribution:Main mediawww.ahlstrom.comAhlstrom in briefAhlstrom is a global leader in the development, manufacture andmarketing of high performance nonwovens and specialty papers.Ahlstrom's products are used in a large variety of everydayapplications, such as filters, wipes, flooring, labels, and tapes.Based upon its unique fiber expertise and innovative approach, thecompany has a strong market position in several business areas inwhich it operates. Ahlstrom's 6,000 employees serve customers viasales offices and production facilities in more than 20 countries onsix continents. In 2008, Ahlstrom's net sales amounted to EUR 1.8billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. Thecompany website is at www.ahlstrom.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 09.11.2009 - 14:25 Uhr
Sprache: Deutsch
News-ID 8124
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