Following the NOK 6.2 billion (S1.1billion/€825.1 million) offer from private equity funds Altor and Bain Capital to buy Cermaq's fishmeal arm EWOS, the company is offering its bondholders the possibility of early redemption on its outstanding bond loan.
A potential sale of EWOS “constitutes a significant change to the business of Cermaq,” the company said in a statement, which is why it will offer an early redemption of its outstanding bond loan.
The proposal has already been approved by a necessary majority, through pre-acceptances from bondholders representing more than two thirds of the bonds.
Bondholders
