Ahlstrom Corporation STOCK EXCHANGE RELEASE September 1, 2014 at 9.00
Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa, Singapore or Japan or any other jurisdiction in which the distribution or release would be unlawful.
Ahlstrom considers issuance of a new bond and announces a voluntary tender offer for its outstanding bond
Ahlstrom, a global high performance fiber-based materials company, is considering issuance of a new unsecured fixed rate bond with a maturity of five years. The potential issue is expected to be launched in the near future subject to market conditions. The targeted size of the issue is approximately EUR 100 million.
At the same time, Ahlstrom announces a voluntary tender offer for cash (subject to restrictions provided in the Tender Offer Memorandum) of its EUR 100,000,000 4.5 percent notes maturing on November 10, 2015. The maximum amount of notes tendered under the tender offer is EUR 100,000,000 and the tender offer is subject to, for example, completing the issuance of the above mentioned new bond.
The offer period starts on September 1, 2014 and ends at 4 p.m. on September 10, 2014. The settlement date is expected to be September 15, 2014.
The proceeds from the issuance of the new bond will be used for refinancing and general corporate purposes of the Group. An application will be made to list the bond on the official list of the NASDAQ OMX Helsinki Ltd.
Danske Bank and SEB act as joint lead managers for the new bond and Danske Bank acts as the dealer manager and tender agent for the tender offer.
For more information, please contact:
Tel. +358 10 888 4768
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. We aim to grow with a product offering for clean and healthy environment. Our materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion. Our 3,500 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
This release is for informational purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any bonds. The distribution of this release and the related material concerning the issuance of the new bond and the invitation to tender the outstanding bond are prohibited by law in certain countries. The new bonds are not being offered and the tender offer for the outstanding bonds is not made to the public either inside or outside of Finland. Persons resident outside of Finland may receive this release and the related bond documentation only in compliance with applicable exemptions or restrictions. Persons into whose possession this release and the related bond documentation may come are required to inform themselves about and comply with such restrictions.
This release and the related bond documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland, including the United States, Australia, Canada, Hong Kong, South Africa, Singapore and Japan. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell the Issuer's bonds to any persons in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Ahlstrom's representatives assume no legal responsibility for such violations, regardless of whether the parties contemplating investing in or divesting the Issuer's bonds are aware of these restrictions or not. Ahlstrom's bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), nor under any securities legislation of any state in the United States, and they may not be offered, sold, resold, delivered, distributed, bought or transferred in the United States or to U.S. persons or on behalf of U.S. persons, except pursuant to an exemption from the registration requirements of the Securities Act and any securities legislation of any state in the United States.