Agfa offer to exchange outstanding bonds.

Agfa has launched an unconditional public exchange offer on its outstanding bonds as part of a move to refinance the company. 

The exchange offer relates to all fixed rate bonds (ISIN Code: XS0218652906) for a total amount of €189 million maturing June 2, 2015 and having a fixed gross coupon of 4.375%. The existing bondholders will have the opportunity to exchange their existing bonds against newly issued bonds with a nominal value of €1,000, a fixed gross coupon of 5.35% per annum, maturing June 2, 2019, in an exchange ratio of one new bond for each existing bond with a denomination of €1,000 and ten new bonds for each existing bond with a denomination of €10,000.

The offer runs from today, 9th May, through to 22nd May 2014. It will be handled by KBC Bank NV. Further details from Agfa.com.

 

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