Ahlstrom gets holder OK to amend €100 million 4 1/8% notes for merger

By Susanna Moon

Chicago, Jan. 10 – Ahlstrom Corp. secured the needed approval to amend its €100 million of 4 1/8% senior callable notes due Sept. 15, 2019 at the meeting held Tuesday.

The consents and waivers became effective upon approval at the meeting, and the amendments will take hold upon closing of the statutory absorption merger of Ahlstrom into Munksjo Oyj, according to a company announcement.

As announced Dec. 2, Ahlstrom was soliciting consents to amend the terms of the notes related to the planned merger.

Holders who sent 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 sent voting instructions before 6 a.m. ET on Jan. 5 or who attended the meeting and signed a voting instruction by the meeting will receive a fee of 0.1%.

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

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.
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