Diamorph plans to call SEK 425 million of bonds due 2017 at 107.5

By Susanna Moon

Chicago, Aug. 27 – Diamorph AB said it plans to call its SEK 425 million bonds due 2017 for redemption on Oct. 2.

The company will redeem the notes at 107.5% of par, or SEK 1,075,000 per bond, plus accrued interest up to and including the early redemption date, according to a company press release.

The bonds were issued in 2012. Holders must be of record as of Sept. 25.

Funding for the redemption will come from the company’s planned issue of SEK 500 million 7% five-year senior secured corporate bonds within a framework amount of SEK 800 million on the Swedish market.

Proceeds also will be used to settle outstanding deferred liabilities from the acquisition of the Tenmat group of companies in 2012, which are accelerated by the refinancing, the release said.

Diamorph is a Stockholm-based company that supplies advanced material solutions for especially demanding industrial applications. The company has units in England and the Czech Republic.

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