Olav Thon offers to buy back 2019 secured bonds or swap for 2021 bonds

By Marisa Wong

Los Angeles, Sept. 7 – Olav Thon Eiendomsselskap ASA has mandated DNB Markets as manager for a buyback of its NOK 300 million outstanding secured bonds, issue 2019/2024, due March 14, 2024 (ISIN: NO0010844459), according to a notice.

As an alternative, bondholders may subscribe, for all or parts of their holdings, in Olav Thon’s senior unsecured bonds, issue 2021/2024, due June 3, 2024 (ISIN: NO0011008997) with an outstanding amount of NOK 500 million.

The buyback and/or exchange offer is open until 10 a.m. ET on Sept. 8.

The company is requesting that bondholders who wish to participate in this offer contact their contact person in DNB Markets or, alternatively, Jan Krogh-Vennemo, DNB Markets, head of fixed income, at +47 24 16 90 15.

The commercial real estate company is based in Oslo.

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