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Jotul plans to redeem NOK 400 million bonds due 2022 on Oct. 25
By Wendy Van Sickle
Columbus, Ohio, Sept. 28 – Jotul Holdings SA will redeem its existing NOK 400 million bond loan due 2022 (ISIN: NO0010815749) on Oct. 25 at par plus accrued interest, according to a news release.
The bonds will be redeemed using proceeds from an offering of new bonds, as previously reported. The redemption will be conditioned on the issuance of subsidiary Jotul AS’ NOK 475 million of senior secured floating-rate bonds due 2024, which priced on Sept. 24, among other conditions.
Based in Fredrikstad, Norway, Jotul makes stoves, inserts and fireplaces.
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