West Atlantic to prepay SEK 261.89 million of 6½% bonds at par

By Sarah Lizee

Olympia, Wash., July 22 – West Atlantic AB (publ) will make a mandatory partial prepayment of SEK 261,890,100 of its 6½% bonds due Dec. 21, 2019 at par on Aug. 6, according to a press release.

Following the partial redemption, the outstanding amount of the bonds will be SEK 480,561,100.

The company said it will finance the partial redemption with proceeds from the sale of repurchased aircraft.

West Atlantic Group is a Gothenburg, Sweden-based provider of European air freight services.

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