AA MASTERSTROKE AGAIN NICE28 Apr 2021 08:45
l have a fixed coupon of 8.75% p.a.
In additional to the New TONO Bond and conditional on completion of the Acquisition, TONO will issue to the Vendor an additional new Euro 60 million pari passu senior secured bond with maturity in May 2026 and with a fixed coupon of 9.15% p.a. (the "Vendor Bond")
The net proceeds from the New TONO Bond will be applied towards early repayment of all amounts outstanding under TONO's existing EUR 87 million bonds (which will be subject to mandatory redemption upon the completion of the Acquisition). The New TONO Bond will be listed on the Oslo Borse in due course.
Closing of the New TONO Bond, the Vendor Bond and the issue and the redemption of the existing bonds will take place in the week commencing 17 May 2021 (as part of the completion of the Acquisition).
ABG Sundal Collier ASA and Pareto Securities AS acted as Joint Lead Managers in connection with the placement of the New TONO Bond.
More money to the coffers lovely