Villa Organic's senior bonds due 2015 putable due to change of control

By Marisa Wong

Madison, Wis., July 11 - Villa Organic AS' senior unsecured bonds, issue 2012/2015, are putable due to a change of control, according to a notice from bond trustee Norsk Tillitsmann ASA.

The issuer notified the trustee on July 9 that a change-of-control event occurred. As a result, bondholders may exercise a put option until Sept. 9.

Put bonds will be redeemed at 101% of par plus accrued interest.

Villa Organic is a Norwegian fish farming company.

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