Color Group AS: Successful placement of perpetual hybrid bond tap issue
Color Group AS 18/22 FRN, Color Group AS 18/23 FRN, Color Group AS 19/24 FRN FLOOR, Color Gr AS 20/PERP FRN C SUB
NO0010819394, NO0010837214, NO0010864531, NO0010893340
Color Group AS (the “Company”) has today successfully completed a NOK 300
million tap of its perpetual hybrid bond with ISIN NO 0010893340 at a price of
101% of nominal amount. The tap issue was substantially oversubscribed. Net
proceeds from the new bond issue will be used for general corporate purposes.
Arctic Securities and DNB Markets acted as Joint Lead Managers in connection
with the placement of the tap issue. An application will be made for the bonds
to be listed on Oslo Børs. Until a listing prospectus has been approved, the
bonds will trade under a separate ISIN (NO 0010990559).
Together with the previously announced NOK 150 million loan facility from the
state guaranteed loan scheme through DNB Bank and GIEK and approximately NOK 65
million from realization of bunker hedges this sums up to a positive liquidity
effect of NOK 515m for Color Group AS.
O.N. Sunde AS was allocated NOK 100 million in the hybrid bond tap issue.
For further information, please contact:
Bjørn Paulsen (CFO Color Group AS & ON Sunde AS), Tel: +47 23 11 86 22 / Mob:
+47 481 30 668
Christian Arndt (Finance Director Color Group AS), Tel. +47 23 11 86 14 / Mob:
+47 915 93 048
Color Group AS