Capital/Financing Update • Mar 30, 2021
Capital/Financing Update
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Amsterdam, The Netherlands / 29 March 2021
OCI N.V. (Euronext: OCI) today announced that it has exercised the option to redeem 10% of its 5.25% Senior Secured Notes due 2024 and 10% of its 4.625% Senior Secured Notes due 2025, or a total redemption of \$60 million and \$40 million of the aggregate principal amounts of the respective Notes outstanding, each at a redemption price of 103% of the principal amount thereof. The redemption date is April 8, 2021.
This transaction is expected to result in additional recurring cash interest savings and marks the continuation of the company's financial policy to optimize its capital structure. OCI will continue to evaluate opportunities to achieve similar objectives.
OCI N.V. (Euronext: OCI) is a leading global producer and distributor of nitrogen and methanol products providing lower carbon fertilizers, fuels, and feedstocks to agricultural, transportation, and industrial customers around the world. OCI's production capacity spans four continents and comprises approximately 16.2 million metric tons per year of nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid, melamine, and other nitrogen products. OCI has more than 3,600 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam.
Hans Zayed Director Email: [email protected]
Tel: +31 (0) 6 18 251 367
For additional information on OCI:
OCI stock symbols: OCI / OCI.NA / OCI.AS
Honthorststraat 19 1071 DC Amsterdam The Netherlands
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