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Norwegian Air Shuttle holders convert NOK 33.14 million convertibles
By Devika Patel
Knoxville, Tenn., June 28 – Norwegian Air Shuttle ASA reported that holders of NOK 33,137,476 of its FRN perpetual subordinated convertible bond loan (ISINs: 0010996440, 0010996432, 0011157331 and 0011157356) have issued conversion notices to the company.
Following the conversion, the company has NOK 1,523,191,374 of the bonds outstanding. The remaining bonds may be converted into approximately 162.2 million shares at a conversion price of NOK 9.39 per share.
The Norwegian company is a low-cost air carrier.
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