Crayon uses equity claw for NOK 150 million of floating-rate bonds

New York, Nov. 8 – Crayon Group Holding AS said it exercised the equity clawback provision for its floating-rate senior secured callable bonds due 2020.

The company will redeem NOK 150 million of the bonds at 102% of par plus accrued interest to the settlement date on Nov. 20, according to a notice.

Crayon raised NOK 300 million from an initial public offering and listed on the Oslo Stock Exchange on Wednesday, according to press releases. Owner Novestor also sold shares in a secondary offering as part of the IPO.

Crayon Group is an Oslo-based cloud software management and consulting company.

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