Ahlstrom completes the tender offer of its hybrid bond issued in 2009
Ahlstrom Corporation STOCK EXCHANGE RELEASE September 27, 2013 at 10.15
Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa or Japan or any other jurisdiction in which the distribution or release would be unlawful.
Ahlstrom, a global high performance fiber-based materials company, completes the partial repurchase of its hybrid bond (ISIN: FI4000006929) issued in November 2009.
The company has agreed to repurchase a nominal amount of EUR 45,500,000 in exchange for cash which represents 56.9 percent of the original EUR 80 million notional amount issued in 2009.
All tenders from noteholders have been accepted and will be executed according to the terms and conditions of the offer. The repurchase price will be 101 percent for the nominal amount plus the accrued interest until the settlement date October 2, 2013.
After completing this tender offer, Ahlstrom will have two hybrid bonds outstanding. The first one, issued in November 2009, amounts post-repurchase to EUR 34,500,000 million and is callable on November 25, 2013. The new hybrid bond, announced on September 19, 2013, will amount to EUR 100 million, and the first call date is in October, 2017.
Nordea Markets acts as the exclusive dealer manager and tender agent in the tender offer. Hannes Snellman Attorneys Ltd acts as a legal advisor to Ahlstrom.
For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, medical gowns and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a leading market position in the businesses in which we operate. In 2012, Ahlstrom's net sales from the continuing operations (excluding Label and Processing business) amounted to EUR 1 billion. Our 3,800 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
Disclaimer
This release is for informational purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any hybrid bonds. The distribution of this release and the related material concerning the issuance of the new hybrid bond and the invitation to tender the outstanding hybrid bond are prohibited by law in certain countries. The new hybrid bonds are not being offered and the tender offer for the outstanding hybrid bonds is not made to the public either inside or outside of Finland. Persons resident outside of Finland may receive this release and the related hybrid bond documentation only in compliance with applicable exemptions or restrictions. Persons into whose possession this release and the related hybrid bond documentation may come are required to inform themselves about and comply with such restrictions. This release and the related hybrid bond documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland, including the USA, Australia, Canada, Hong Kong, South Africa and Japan. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell the Issuer's hybrid bonds to any persons in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Ahlstrom's representatives assume no legal responsibility for such violations, regardless of whether the parties contemplating investing in or divesting the Issuer's hybrid bonds are aware of these restrictions or not. Ahlstrom's hybrid bonds have not been and will not be registered under the US Securities Act of 1933, nor under any securities legislation of any state in the United States, and they may not be offered, sold, resold delivered, distributed, bought or transferred in the United States or to US citizens or on behalf of US citizens, except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and any applicable state law legislation.