Ahlstrom reopens tender offer for €100 million 4½% notes due 2015

By Jennifer Chiou

New York, Sept. 11 – Ahlstrom Corp. announced that it has reopened its voluntary cash tender offer for its €100 million of 4½% notes due Nov. 10, 2015 following an initial period that ended on Sept. 10.

The new offer period will expire on Sept. 16. Settlement is slated for Sept. 19.

The company said it has satisfied the condition that it complete its issuance of a new fixed-rate bond due 2019.

Ahlstrom also noted that pricing is anticipated on Sept. 17. The updated purchase spread is now 66 bps instead of the originally announced 100 bps.

Danske Bank is the dealer manager and tender agent for the tender offer.

Ahlstrom is a high performance fiber-based materials company based in Helsinki, Finland.

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