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TradeDoubler calls SEK 250 million 6¾% bonds due 2018 at 75
By Susanna Moon
Chicago, Nov. 13 – TradeDoubler AB issued a redemption notice for its SEK 250 million of 6¾% outstanding senior bonds due Dec. 20, 2018.
The notes will be redeemed on Dec. 6 at 75 plus accrued interest, according to a notice.
Holders must be registered as bond owners at end of business on Nov. 29.
The issuer holds SEK 243 million of the bonds, which will be canceled prior to the record date.
As reported April 24, the company obtained holder approval to amend notes to add a call option so that it could redeem the bonds at a price of 75 on any day up until maturity.
The bonds are set to mature on Dec. 20, 2018, and TradeDoubler said it was evaluating different ways to refinance the bonds.
In order to increase its financial flexibility to refinance the bonds, the company was asking holders to approve some changes to the bonds that would allow it to incur secured or unsecured SEK 100 million additional debt.
The notes were issued in 2013.
The digital marketing company is based in Stockholm.
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