2013-09-27 09:16:05 -
Ahlstrom Corporation STOCK EXCHANGE RELEASE September 27, 2013 at 10.15
Not for release, publication or distribution, directly or indirectly, in or into
the United States, Canada, Australia, Hong Kong, South Africa or Japan or any
other jurisdiction in which the distribution or release would be unlawful.
Ahlstrom, a global high performance fiber-based materials company, completes the
partial repurchase of its hybrid bond (ISIN: FI4000006929) issued in November
The company has agreed to repurchase a nominal amount of EUR 45,500,000 in
exchange for cash which represents 56.9 percent of the original EUR 80 million
notional amount issued in 2009.
All tenders from noteholders have been accepted and will be executed according
to the terms and conditions of the offer. The repurchase price will be 101
percent for the nominal amount plus the
accrued interest until the settlement
date October 2, 2013.
After completing this tender offer, Ahlstrom will have two hybrid bonds
outstanding. The first one, issued in November 2009, amounts post-repurchase to
EUR 34,500,000 million and is callable on November 25, 2013. The new hybrid
bond, announced on September 19, 2013, will amount to EUR 100 million, and the
first call date is in October, 2017.
Nordea Markets acts as the exclusive dealer manager and tender agent in the
tender offer. Hannes Snellman Attorneys Ltd acts as a legal advisor to Ahlstrom.
For more information, please contact:
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.
This release is for informational purposes only and is not to be construed as an
offer to purchase or sell or a solicitation of an offer to purchase or sell with
respect to any hybrid bonds. The distribution of this release and the related
material concerning the issuance of the new hybrid bond and the invitation to
tender the outstanding hybrid bond are prohibited by law in certain countries.
The new hybrid bonds are not being offered and the tender offer for the
outstanding hybrid bonds is not made to the public either inside or outside of
Finland. Persons resident outside of Finland may receive this release and the
related hybrid bond documentation only in compliance with applicable exemptions
or restrictions. Persons into whose possession this release and the related
hybrid bond documentation may come are required to inform themselves about and
comply with such restrictions. This release and the related hybrid bond
documentation may not be distributed or published in any country or jurisdiction
if to do so would constitute a violation of the relevant laws of such
jurisdiction or would require actions under the laws of a state or jurisdiction
other than Finland, including the USA, Australia, Canada, Hong Kong, South
Africa and Japan. The information contained herein shall not constitute an offer
to sell or tender, or a solicitation of an offer to buy or sell the Issuer's
hybrid bonds to any persons in any jurisdiction in which such offer,
solicitation or sale or tender would be unlawful. Ahlstrom's representatives
assume no legal responsibility for such violations, regardless of whether the
parties contemplating investing in or divesting the Issuer's hybrid bonds are
aware of these restrictions or not. Ahlstrom's hybrid bonds have not been and
will not be registered under the US Securities Act of 1933, nor under any
securities legislation of any state in the United States, and they may not be
offered, sold, resold delivered, distributed, bought or transferred in the
United States or to US citizens or on behalf of US citizens, except pursuant to
an exemption from the registration requirements of the Securities Act of 1933
and any applicable state law legislation.
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE