Cermaq bondholders agreed on Monday to the terms of an early redemption offer on an outstanding bond loan, following the sale of fishmeal arm EWOS to private equity funds Altor and Bain Capital.
Earlier in July - following the NOK 6.5 billion (€823.5 million/$1.1 billion) offer from private equity funds Altor and Bain Capital to buy Cermaq's fishmeal arm EWOS - the company decided to offer its bondholders the possibility of early redemption on its outstanding bond loan.
In a statement on July 5, Cermaq said the sale of EWOS “constitutes a significant change to the business of Cermaq,” which is why it will offer an early redemption of its outstanding bond loan.
“The
