Kemira Oyj considers issuance of new notes and announces voluntary tender offer of its outstanding notes maturing in May 2019

Kemira Oyj
Stock Exchange Release
May 10, 2017 at 10.00 am (CET+1)

Kemira Oyj considers issuance of new notes and announces voluntary tender offer of its outstanding notes maturing in May 2019  

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES (AS DEFINED BELOW), THE TENDER OFFER (AS DEFINED BELOW) OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. 

Kemira Oyj announces its intention to issue new euro-denominated fixed rate notes (the "New Notes"). Nordea Bank AB (publ) (the "Offeror") today also announces that it invites the holders of the EUR 200,000,000 2.500 per cent Notes due 27 May 2019 (ISIN: FI4000097084) (the "Notes"), issued by Kemira Oyj, to tender their Notes for cash on the terms and conditions set out in the tender offer memorandum dated 10 May 2017 (the "Tender Offer").

The Offeror proposes to accept for purchase an aggregate principal amount of Notes validly tendered in the Tender Offer of up to EUR 100,000,000, although the Offeror reserves the right, in its sole discretion, to decide on the acceptance of the Notes, including not to accept any Notes. If the Offeror decides to accept for purchase valid tenders of Notes pursuant to the Tender Offer and the aggregate principal amount of Notes validly tendered pursuant to the Tender Offer is greater than the amount subject to the Tender Offer (the "Final Acceptance Amount"), the Offeror intends to accept such Notes for purchase on a pro rata basis.

The purchase price of the Notes is EUR 1,049.86 per EUR 1,000.00 in nominal amount of the Notes. Accrued and unpaid interest will be paid in respect of all Notes validly tendered and delivered and accepted for purchase.

Whether the Offeror will accept for purchase any Notes validly tendered is subject to, without limitation, the pricing of the issue of the New Notes and the signing by the Joint Lead Managers and Kemira of an issuance agreement.

The Tender Offer period begins on 10 May 2017 and closes at 4:00 p.m. Finnish time (EEST) on 17 May 2017. The indicative tender offer results will be announced on or about 18 May 2017, and the final tender offer results and completion date will be announced as soon as feasible, and no later than 26 May 2017. The settlement date of the Tender Offer will in no case be later than 2 June 2017, subject to the completion of the issue of the New Notes.