Statoil Fuel & Retail 5.25%, floating-rate bondholders have put option

By Ashley Montgomery

Kansas City, Kan., June 20 - Statoil Fuel & Retail ASA said the holders of its 5.25% senior open bonds and its floating-rate senior open bonds have the option to put their bonds.

The company said the option was triggered by a change of control of the company. Alimentation Couche-Tard Inc. now has control of more than 50% of the company's share capital and voting rights.

According to the terms of the bonds, this change in control gives bondholders the right to repayment of their bonds at par plus accrued interest.

Holders must exercise the option within two months of the notification date. The company has requested that holders make their requests for a settlement date of Aug. 14 or Sept. 14.

Norsk Tillitsmann ASA is the trustee.

Statoil Fuel & Retail is a fuel and related products retailer based in Oslo.

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