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Published on 12/20/2023 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Jotul to fully redeem NOK 475 million floaters at 102.085 via new bonds

By Mary Katherine Stinson

Lexington, Ky., Dec. 20 – Jotul AS, a subsidiary of Jotul Holdings SA, said it will fully redeem its NOK 475 million floating-rate bonds (ISIN: NO0011104069) at 102.085 using the proceeds from a new bond issue.

Accrued interest will also be paid.

Notice of redemption of the existing bonds is expected to be sent to bondholders on Dec. 21.

Based in Fredrikstad, Norway, Jotul makes stoves, inserts and fireplaces.


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