Brief: Norske Skog Completes EUR 150 Mln Senior Secured Bond Issue

Norske Skog ASA

17/02/2021 06:49

Feb 17 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * SAID ON TUESDAY SUCCESSFULLY COMPLETED EUR 150 MILLION
SENIOR
SECURED BOND ISSUE WITH MATURITY IN MARCH 2026
    * NEW BONDS WILL HAVE COUPON OF 3 MONTHS EURIBOR PLUS 550
BPS
    * NET PROCEEDS FROM WILL INTER ALIA BE USED TO REFINANCE
OUTSTANDING BOND MATURING IN JUNE 2022
    * CONCURRENTLY WITH NEW BOND ISSUE, CO EXPECTS TO BUY BACK
AROUND
EUR 72 MLN OF THE OUTSTANDING NSKOG01 BONDS AND TO CALL THE
REMAINING OUTSTANDING BONDS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiXyVSta
    
 Further company coverage:  NSKOG.OL  
   


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