AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE DECEMBER 5, 2019 at 15:25 EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Ahlstrom-Munksjö issues EUR 100 million capital securities (the "Capital Securities").
The Capital Securities do not have a specified maturity date, but Ahlstrom-Munksjö may redeem the Capital Securities for the first time on February 13, 2024, or on any interest payment date thereafter. The Capital Securities bear interest at a fixed rate of 3.879 percent per annum until February 13, 2024.
The issue date of the Capital Securities is December 13, 2019.
The net proceeds from the Capital Securities will be used for general corporate purposes and refinancing, in order to increase financial flexibility and support the company's ongoing strategic initiatives.
The Capital Securities will be subordinated to Ahlstrom-Munksjö's debt obligations and treated as equity in Ahlstrom-Munksjö's consolidated financial statements prepared in accordance with IFRS. Capital Securities do not confer their holder the rights of a shareholder nor do they dilute the holdings of the current shareholders.
Nordea Bank Abp acts as the lead manager for the transaction. White & Case LLP acts as legal counsel of Ahlstrom-Munksjö.
Sakari Ahdekivi, Deputy CEO and CFO, tel. +358 50 400 3557
Reetta Antila, Vice President Group Treasury, tel. +358 50 599 3114
Johan Lindh, Vice President, Communications and Investor Relations, tel. +358 10 888 4994
Juho Erkheikki, Investor Relations Manager, tel. +358 10 888 4731
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials and solutions for diagnostics as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 3 billion and we employ some 8,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. Read more at www.ahlstrom-munksjo.com.
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or the United States or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Capital Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities for sale in the United States. The Capital Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This communication does not constitute an offer of Capital Securities to the public in the United Kingdom and no prospectus has been or will be approved in the United Kingdom in respect of the Capital Securities. Consequently, this communication is directed at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) (the "Order") or (iii) persons falling within Article 49(2)(a) to (d) of the Order or (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). The communication is directed only at relevant persons and any person who is not a relevant person should not act or rely on this document or any of its contents.