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

By Marisa Wong

Madison, Wis., Sept. 2 – Ahlstrom Corp. announced a voluntary cash tender offer for its €100 million of 4½% notes due Nov. 10, 2015.

The offer period began on Sept. 1 and ends on Sept. 10. Settlement is slated for Sept. 15.

The tender offer is conditioned on the company completing its issuance of a new fixed-rate bond due in five years. The targeted size of the issue is about €100 million, according to a press release.

The company expects to launch the potential issue in the near future, subject to market conditions.

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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