Veidekke seeks approval to amend NOK 500 million floaters due 2018

By Susanna Moon

Chicago, Sept. 10 – Veidekke ASA said it is seeking approval to amend its NOK 500 million floating-rate notes due June 2018.

The company will hold a meeting on Sept. 24 in Oslo.

The company is asking to lift the aggregate amount of debt to NOK 500 million from NOK 300 million, according to a company press release.

In exchange, the company is offering a flat fee of 0.025% of par.

The bonds were issued May 29, 2013 with a rate of Nibor plus 175 basis points.

Veidekke is a construction company based in Oslo.

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