By Angela McDaniels
Tacoma, Wash., April 13 - Etrion Corp. issued €60 million of 9% four-year corporate bonds in the Norwegian bond market, according to a company news release.
ABG Sundal Collier Norge ASA was the lead manager.
Etrion's major shareholder, the Lundin family, subscribed for €15 million of the bonds.
The company will apply to list the bonds on the Oslo Stock Exchange or Oslo Alternative Bond Market.
The proceeds will be used for the early repayment of the bridge loan provided by Etrion's former major shareholder, Lundin Petroleum AB, and for general corporate purposes.
Etrion builds and operates solar power plants and is based in Geneva.
| Issuer: | Etrion Corp.
|
| Issue: | Corporate bonds
|
| Amount: | €60 million
|
| Maturity: | Four years
|
| Coupon: | 9%
|
| Lead manager: | ABG Sundal Collier Norge ASA
|
| Pricing date: | April 13
|
| Settlement date: | April 18
|
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