Capital/Financing Update • Mar 27, 2024
Capital/Financing Update
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NSKOG02 - Exercise of voluntary early redemption in part (call option)
Issuer: Norske Skog ASA (the "Company")
ISIN for the bond issue: NO0010936065
Date of redemption: 15 April 2024
Redemption amount: EUR 34,400,000
Redemption price: 102.2% of the nominal amount
The Company has today notified Nordic Trustee AS, as bond trustee on behalf of the bondholders, of the partial exercise of its call option and redemption of outstanding bonds in an aggregate nominal amount of EUR 34,400,000 under the above mentioned bond loan.
The Company will redeem the EUR 34,400,000 nominal amount (plus accrued and unpaid interest to but not including the redemption date) at a redemption price equal to 102.2% of the nominal amount for each redeemed bond, with redemption date 15 April 2024. The record date for the call option will be 11 April 2024.
The redemption amount will be applied for pro rata payment to the bondholders in accordance with the applicable regulations of Euronext VPS. In accordance with the bond terms, the redeemed bonds will be retained by the Issuer and not discharged.
For further information:
Vice President Communication and Public Affairs
Carsten Dybevig
Mob: +47 917 63 117
Vice President Corporate Finance
Even Lund
Mob: +47 906 12 919
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