Ahlstrom seeks to amend €100 million 4 1/8% notes due 2019 for merger

By Susanna Moon

Chicago, Dec. 2 – Ahlstrom Corp. began a consent solicitation for its €100 million of 4 1/8% senior callable notes due Sept. 15, 2019.

Ahlstrom is soliciting consents to amend the terms of the notes related to its planned merger with Munksjo Oyj, according to a company announcement.

The company has scheduled a noteholders meeting for Jan. 10 in Helsinki, Finland.

Holders who send voting instructions in favor of the proposal by 6 a.m. ET on Dec. 23 will receive a fee of 0.5%, and those who are not eligible to receive the early instruction fee but send voting instructions before 6 a.m. ET on Jan. 5 or who attend the meeting and sign a voting instruction by the meeting will receive a fee of 0.1%.

The payment of any instruction fee is contingent on closing of the merger and the proposal being passed at the meeting.

The solicitations agents are Nordea Bank Finland plc (NordeaLiabilityManagement@Nordea.com / +45 61612996) and SEB (SEBLiabilityManagement@SEB.se / +358 961628520). The paying agent is Nordea Bank Finland plc (is.operations.fi@nordea.com).

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.