Nissens to redeem €130 million floating-rate bonds due 2022

By Mary-Katherine Stinson

Lexington, Ky., Nov. 1 – AX V Nissens ApS will redeem in full its outstanding €130 million senior secured floating-rate bonds due 2022 (ISIN: DK0030400890) on Nov. 30, according to a press release.

Due to the redemption of the bonds and the upcoming sale of its cooling solutions division to A.P. Moller Holding A/S, the company will not announce its second-quarter interim report.

The bonds will be redeemed at par plus interest to the redemption date on Nov. 30.

Nordic Trustee A/S is the agent.

The sale of the cooling division is also scheduled to be completed on Nov. 30.

Nissens is a Horsens, Denmark-based maker of cooling systems for the automotive and wind power and industrial markets.

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