NORDEN is contemplating a buy-back of up to USD 50 million of the USD 100 million nominal outstanding amount of bonds that will mature on 28 June 2024. The buy-back is carried out for cash management purposes.
The buy-back will be conducted as a "reverse Dutch auction", where bondholders are invited to provid offers for sale of all or a portion of their Bonds (for details, see attachments).
Due date for submission is 13:00 CET on 11 March 2022 (the “Submission Deadline”). NORDEN may, in its sole discretion, waive, extend, terminate, withdraw, or increase the size of the buy-back at any time.
SEB is acting as Manager for the buy-back. All submissions of Bondholders Offer Form are to be sent by e-mail to SEB through respective sales contacts or directly to SEBBondSyndicate@seb.no no later than the Submission Deadline.
Attachments:
Announcement no. 60
Bond Buy-Back Details
Bondholders Offer Form
