Issuer: Borgestad ASA (the “Company”)
ISIN for the bond loan: NO0010907736
Date of redemption: 20 December 2023
Redemption amount: NOK 100,000,000
Redemption price: 100% of nominal value
The Company has today notified Nordic Trustee AS, as bond trustee on behalf of the bondholders, of the exercise of its Call Option and redemption of all outstanding bonds under the above mentioned bond loan. A copy of Nordic Trustee AS’ notice to the bondholders is attached.
The Company will redeem the remaining NOK 100,000,000 principal amount (plus accrued and unpaid interest to but not including the redemption date) at a redemption price equal to 100% of the nominal amount for each redeemed bond, with redemption date 20 December 2023. The exercise of the Call Option is conditional on (i) the initial (non-binding) approval from the Municipal Council of Bjuv Municipality for the sale-leaseback transaction announced by the Company in the stock exchange announcement on 27 October 2023, and (ii) the successful registration in the Norwegian Register of Business Enterprises of the capital increase pertaining to the private placement published by the Company in the stock exchange announcement on 6 November 2023. The conditions must be fulfilled no later than three (3) business days prior to the redemption date, and the Company will publish a new announcement no later than at the expiry of the deadline, being 15 December 2023.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.