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TOMRA Systems — Capital/Financing Update 2019
Nov 6, 2019
3775_rns_2019-11-06_9df17168-d388-464b-9c3f-714e825f8307.html
Capital/Financing Update
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TOMRA: SUCCESSFUL ISSUANCE OF UNSECURED BONDS
TOMRA: SUCCESSFUL ISSUANCE OF UNSECURED BONDS
Reference is made to the Q3-presentation and announcement dated 21 October 2019
regarding contemplated bond issue. TOMRA Systems ASA has today successfully
issued a total amount of NOK 1,000m in senior unsecured bonds. The transaction
is split in two tranches, both were significantly oversubscribed:
- 3Y FRN: NOK 400m with a coupon of 3m Nibor + 0.50 % p.a.
- 5Y FRN: NOK 600m with a coupon of 3m Nibor + 0.75 % p.a.
The net proceeds will be used for general corporate purposes, including
refinancing of existing debt. The settlement date is 14 November 2019 and the
bonds will be applied for listing on the Oslo Stock Exchange.
DNB Markets and SEB have acted as Joint Lead Managers for the bond issues.
Asker, 6 November 2019
TOMRA Systems ASA
For further information please contact:
Espen Gundersen, Deputy CEO/CFO: +47 66 79 92 42 / +47 97 68 73 01
Bing Zhao, Director Investor Relations & Strategy: +47 40 21 08 19
TOMRA was founded on an innovation in 1972 that began with design, manufacturing
and sale of reverse vending machines (RVMs) for automated collection of used
beverage containers. Today TOMRA provides technology-led solutions that enable
the circular economy with advanced collection and sorting systems that optimize
resource recovery and minimize waste in the food, recycling and mining
industries.
TOMRA has ~100,000 installations in over 80 markets worldwide and had total
revenues of ~8.6 billion NOK in 2018. The Group employs ~4,000 globally and is
publicly listed on the Oslo Stock Exchange. (OSE: TOM). For further information
about TOMRA, please see www.tomra.com