StormGeo floaters putable through June 11 following change of control

By Angela McDaniels

Tacoma, Wash., April 11 - StormGeo Holding AS has experienced a change of control, so its floating-rate senior bonds due 2017 are putable at 101% of par plus accrued interest, according to a notice from bond trustee Norsk Tillitsmann ASA.

The put option may be exercised through June 11. The settlement date will be 15 days later.

The change of control occurred on April 10 when EQT Mid Market Fund acquired 57.5% of StormGeo's outstanding shares from Reiten & Co. and TV2, DNV GL.

StormGeo is a commercial weather service provider based in Bergen, Norway.

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