Lakers preps to call NOK 950 million of sustainability-linked bonds

By Devika Patel

Knoxville, Tenn., June 22 – Lakers Group AB reported in a press release that it is progressing with a planned divestment of certain subsidiaries and will issue a call notice for NOK 950 million of its NOK 2 billion outstanding senior secured sustainability-linked bonds (ISIN: NO0011017113) within the next couple of weeks, once the divestment is completed.

In preparing to redeem the bonds, the company concluded that it will not be able to meet its sustainability performance targets once it redeems the bonds.

The bonds will therefore be redeemed at 100.5 plus the relevant call premium.

Lakers is an environment and wastewater management company headquartered in Oslo, Norway.

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