Aspocomp to revise terms of its €10.3 million 5.75% convertible loan

By Susanna Moon

Chicago, March 31 - Aspocomp Group Oyj Co. said it plans to amend the interest payment terms of its private placement of a 5.75% five-year convertible debenture loan for €10.3 million.

Investors representing about 86% of the debenture loan principal agreed to revise terms to allow principal and accrued interest to be due and payable on Jan. 12, 2013. It was originally due Jan. 12, 2011 and interest was payable twice a year.

As previously reported, the debenture is convertible into up to 4,006,700 shares at €2.5707 per share.

OKO Bank plc managed the placement.

Based in Helsinki, Finland, Aspocomp provides services for electronics manufacturers.

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