BEWiSynbra to redeem floaters due 2022, 2023 on Sept. 6

By Rebecca Melvin

Concord, N.H., Aug. 25 – BEWiSynbra Group AB announced the unconditional early redemption of its up to €100 million senior secured floating-rate notes due 2022 (ISIN: SE0010985556) and up to €115 million senior secured floating-rate notes due 2023 (ISIN: SE0013409455) on Sept. 6, according to a company release on Wednesday.

The redemption had initially been conditional on the settlement of the issuance of €160 million new senior unsecured floating-rate sustainability-linked bonds under a framework of up to €250 million that was announced by the issuer’s parent BEWI ASA, according to an earlier release.

The 2022 and 2023 bonds will be redeemed at a price of 102.25 and 103.35, respectively, together with accrued and unpaid interest up to and including the redemption date.

Bondholders that participated in the Aug. 9 early voting offer will also receive an early consent fee of 25 basis points per bond.

In connection with the redemption, the bonds will be cancelled and delisted from Nasdaq Stockholm.

Based in Sverige, Sweden, the company supplies the Nordic countries with particle foam products.

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