Brief: B2Holding Is Contemplating Bond Buy-Back And Provides Corporate Update

B2 Impact ASA

19/03/2020 09:06

March 19 (Reuters) - B2Holding ASA  B2H.OL :
    * B2HOLDING ASA IS CONTEMPLATING BOND BUY-BACK AND PROVIDES
CORPORATE UPDATE
    * BUY-BACK WILL BE CONDUCTED AS A "REVERSE DUTCH AUCTION",
WHERE
B2HOLDING ASA, THROUGH MANAGER, WILL RECEIVE OFFERS FOR DESIRED
VOLUME AT DESIRED PRICE FOR SALE FROM BONDHOLDERS ON A
CONFIDENTIAL BASIS
    * DUE DATE FOR SUBMISSION IS 16:00 CET 20 MARCH 2020
    * WILL DECIDE UPON AN EVENTUAL BUY-BACK PRICE AND
CONSEQUENTLY
TOTAL AMOUNT OF B2H01 BONDS TO BE PURCHASED (IF ANY)
    * MACROECONOMIC EFFECTS OF CURRENT CRISIS ARE NOT POSSIBLE
TO
FORESEE, CO WILL REDUCE PORTFOLIO PURCHASES TO MINIMUM IN ORDER
TO PRESERVE LIQUIDITY

Source text for Eikon:  ID:nObi0KRc3a 
Further company coverage:  B2H.OL 

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