Kotkamills holders grant asset sale under €105 million bonds due 2020

By Susanna Moon

Chicago, Jan. 17 – Kotkamills Group Oyj obtained the needed consents to dispose of its Imprex business from holders of its €105 million of senior secured callable bonds 2015/2020.

The consent solicitation by written procedure began on Dec. 16 in connection with a strategic review of the group’s Imprex business line, according to a company notice.

Nordic Trustee Oy is the trustee.

As announced on Nov. 15, the company also secured holder consents to sell some assets under a strategic review of options that began Oct. 26 for its indirect wholly owned subsidiary L.P. Pacific Films, a Malaysian limited liability company.

Helsinki-based Kotkamills Group makes laminating base papers, impregnated products, magazine papers and sawmill products.

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