Statoil holders exercise put option on NOK 1.36 billion of bonds

By Ashley Montgomery

Kansas City, Kan., Sept. 27 - Statoil Fuel & Retail ASA said holders of two of its bond issues put back a total of NOK 1,355,500,000 of bonds.

The company said holders had the option to put their bonds due to a change-of-control event. Alimentation Couche-Tard Inc. gained control of more than 50% of the share capital in Statoil.

The put option expired on Tuesday.

Affected are NOK 976.5 million of senior unsecured open floating-rate notes due 2017, leaving NOK 123.5 million outstanding; and NOK 379 million of 5.25% senior unsecured open bonds, leaving NOK 21 million outstanding.

The bonds will be purchased at par plus accrued interest.

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

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