Crayon redeems NOK 700 million of 2025 bonds, calls remainder at 101.481

By Mary-Katherine Stinson

Lexington, Ky., March 21 – Crayon Group Holding AS announced a redemption of its outstanding existing bonds due July 15, 2025 (ISIN: NO0011045478) issued under the 2021/2025 senior unsecured bond framework, according to a notice.

The company already repurchased NOK 700 million of the bonds and is calling the remainder.

Crayon will call the remaining existing bonds at 101.481 plus interest. The conditional call is subject to the satisfaction of certain conditions by April 8, as set out in the call option notice.

Settlement is expected to be April 11.

Crayon Group is an Oslo-based cloud software management and consulting company.

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