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Axactor to redeem 2024 bonds with proceeds from new bond issue
By Mary-Katherine Stinson
Lexington, Ky., Aug. 17 – Axactor SE intends to offer a conditional buyback of its outstanding bond with ticker “ACR02” due Jan. 12, 2024 (ISIN: NO0010914666), contingent upon subscription in a proposed new four-year senior bond issue, according to a notice.
Pending market conditions, the deal is set to be shopped by means of fixed-income investor meetings beginning on Friday.
The Oslo-based debt collector plans to use the proceeds of the new issue to redeem any of the 2024 bonds that remain outstanding after the buyback.
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