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Endur increases redemption amount of callable bonds due 2025
Chicago, Nov. 29 – Endur ASA is increasing the amount of bonds it will redeem (ISIN: NO0010935430), according to a notice.
The company is redeeming an additional NOK 90 million, for a total of NOK 200 million.
The company has increased the size of the redemption based on a larger-than-expected private placement of equity in the amount of NOK 170 million, larger than the NOK 110 million guaranteed by the company’s largest shareholders.
The company also has had improved operational and financial performance.
The company was formerly known as Bergen Group ASA. Based in Bergen, Norway, the issuer is a maritime company focused on the offshore industry and specialized vessels.
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