West Atlantic to exchange 6½% bonds on Aug. 14

By Rebecca Melvin

New York, Aug. 2 – West Atlantic AB (publ) announced that it will exchange its existing 6½% bonds due Dec. 21, 2019 for new bonds at the same terms on Aug. 12.

The nominal amount of each existing bond in the mandatory exchange will be 565.366 and it will be replaced with a new bond in the nominal amount of SEK 608,445, which is the nominal amount of the existing bond plus any accrued and unpaid interest.

The existing bonds will be exchanged into a new bond to be issued by Swedish ATP Management AB.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.