Rederiaktiebolaget Eckerö announces tender offer for up to EUR 20,000,000 of its outstanding EUR bonds

12 Jun 2023 09:30 CEST

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Rederiaktiebolaget Eckerö (the “Issuer”) is offering holders of the Issuer’s
outstanding EUR 62,000,000 FRN due October 2026, with EUR 52,000,000 outstanding
(ISIN NO0011130148) (the “Bonds”), to tender their Bonds for purchase by the
Issuer for cash up to and subject to a cap of EUR 20,000,000 (which amount can
be increased, decreased or removed at the Issuer’s sole discretion) at a
purchase price of 105.500% of the nominal amount, plus any accrued and unpaid
interest (the “Tender Offer”). The Bonds will be repurchased subject to the
terms and conditions described in a tender information document dated 12 June
2023 (the “Tender Information Document”).

The Tender Offer is being made as part of the Issuer’s commitment to exercise
active management of its balance sheet.

The Tender Offer expires at 12:00 CEST on 19 June 2023, unless extended,
re-opened, withdrawn or terminated at the sole discretion of the Issuer (the
“Expiration Date”). The Issuer will announce the results and whether any Bonds
will be accepted under the Tender Offer as soon as reasonably practicable after
the Expiration Date. Settlement of the Tender Offer is expected to occur on or
around 22 June 2023, assuming the Tender Offer expires as anticipated on 19 June
2023.

The terms and conditions of the Bonds will continue to be in effect for
bondholders who do not participate in the Tender Offer, or whose Bonds are not
accepted for repurchase by the Issuer.

The full terms and conditions of the Tender Offer can be found in the Tender
Information Document attached to this press release.

The Issuer has mandated Nordea Bank Abp to act as dealer manager for the Tender
Offer.

Dealer Manager:
Nordea Bank Abp: +45 6136 0379 / nordealiabilitymanagement@nordea.com


Contact:
Annica Sviberg
CFO, Rederi Ab Eckerö
Tel: +358 (0)18-28030
Mail: Annica.Sviberg@rederiabeckero.ax



This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading
Act.

This stock exchange announcement was submitted for publication, through the
agency of the contact person set out above at 09:30 CEST on 12 June.

More information:
Access the news on Oslo Bors NewsWeb site

592967_Tender Information Document.pdf