Cermaq bondholder exercises put option on 92.16% of bonds due 2019

By Tali Rackner

Norfolk, Va., Oct. 30 – Cermaq ASA announced that MC Ocean Holdings Ltd. is exercising its put option on 92.16% of Cermaq’s senior unsecured bonds due 2019 following a change-of-control event, according to a notice from bond trustee Nordic Trustee ASA.

The bonds will be purchased at 101 plus accrued interest on Dec. 29.

Cermaq is a fish farming and fish feed group based in Oslo.

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