Otiga to redeem floating-rate notes due 2022 at 100.75

By William Gullotti

Buffalo, N.Y., Feb. 10 – Otiga Group AS intends to exercise its call option for all outstanding NOK 315 million senior secured bonds due July 8, 2022 (ISIN: NO0010858806), according to two notices released Thursday.

The notes will be redeemed at 100.75 plus accrued and unpaid interest with settlement scheduled on Feb. 24.

Nordic Trustee AS is appointed as bond trustee.

According to one of the notices, the redemption is tied to a refinancing transaction through a new bank facility.

Otiga is a staffing services company based in Oslo.

© 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.