Naturex calls 4.4% Oceanes due 2019 for redemption on Jan. 5

By Marisa Wong

Morgantown, W.Va., Dec. 6 – Naturex said it will exercise the early redemption option for all of its outstanding 4.4% Oceanes due June 30, 2019.

The Oceanes will be redeemed in cash on Jan. 5 at par of €70 plus accrued interest, for a total amount of €72.9365479 per bond.

Bondholders have the right up to and including Dec. 27 to exercise their conversion/exchange rights to receive new or existing Naturex shares at a ratio of 1.038 share per bond.

Naturex sold €18 million of the Oceanes through a private placement in January 2013.

Naturex sources, manufactures and markets natural specialty ingredients for the food, health and cosmetic industries. The company is based in Avignon, France.

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