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    EQS-News  125  0 Kommentare Intention to redeem outstanding EUR 110m bonds

    Für Sie zusammengefasst
    • Fiven ASA intends to redeem EUR 110m bonds.
    • OpenGate Capital sells Fiven to Kymera International.
    • Redemption date of the Bond expected in Q3 2024.

    EQS-News: Fiven ASA / Key word(s): Bond
    Intention to redeem outstanding EUR 110m bonds

    21.06.2024 / 18:15 CET/CEST
    The issuer is solely responsible for the content of this announcement.


     PRESS RELEASE                                                                                                                        

    Oslo, 21st June 2024

    Fiven ASA announces intention to redeem its outstanding EUR 110m bonds

    As announced on 4 June 2024, OpenGate Capital, the ultimate shareholder of Fiven ASA ("Fiven"), has entered into a binding agreement for the sale of Fiven to Kymera International, LLC, a portfolio company of Palladium Equity Partners, LLC (the "Acquisition"). The terms of the agreement were not disclosed. In connection with the closing of the Acquisition, Fiven intends to redeem its outstanding EUR 110,000,000 senior secured sustainability-linked floating rate bonds with ISIN SE0021148764 (the "Bonds") in accordance with clause 9.3 (Special redemption upon a change of Control Event) of the terms and conditions of the Bonds. The closing of the Acquisition and the redemption date of the Bond is envisaged to occur in Q3 2024.

    This announcement shall not be construed as an obligation for Fiven to redeem the Bonds. If applicable, Fiven will, in accordance with clause 9.3 (Special redemption upon a change of Control Event) of the terms and conditions of the Bonds, disclose the terms for the redemption of the Bonds including, but not limited to, the redemption date, the applicable record date for holders of the Bonds who are eligible to receive the redemption amount and the applicable redemption amount (including the applicable sustainability-linked redemption premium (if any)).

    For further information, please contact:

    Stein Erik Ommundsen, Group CFO and General Manager
    +47 975 10 481, Stein.E.Ommundsen@Fiven.com

    This information is information that Fiven ASA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on 21 June 2024.

     

     

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



    21.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    1930943  21.06.2024 CET/CEST

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    EQS-News Intention to redeem outstanding EUR 110m bonds EQS-News: Fiven ASA / Key word(s): Bond Intention to redeem outstanding EUR 110m bonds 21.06.2024 / 18:15 CET/CEST The issuer is solely responsible for the content of this announcement.  PRESS …

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