© tomas popelka General | August 12, 2013

REC issues convertible bond loan

Norwegian solar company REC, Renewable Energy Company ASA, proposes to improve its debt maturity profile through issuing a new convertible bond loan maturing in 2018.
REC ASA has mandated Arctic Securities ASA to explore the potential issuance of up to USD 110 million (NOK 643 million) in principal amount of convertible bonds with maturity on September 13, 2018.

In conjunction with the issue of the New Convertible Bond Loan, REC ASA will offer to repurchase and exchange bonds in the Company's Subordinated Unsecured Convertible Bond Issue 2009/2014 for a principal amount of up to EUR 112 million (NOK 876 million), including accrued interest since the July 4, 2013 interest payment date.


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April 21 2018 3:38 pm V9.3.2-1