Ahlstrom Corporation STOCK EXCHANGE RELEASE September 17, 2014 at 13.00
Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa, Singapore or Japan or any other jurisdiction in which the distribution or release would be unlawful.
Final tender results for the voluntary tender offer by Ahlstrom
Capitalized terms used but not defined in this announcement have the meanings given to them in the Tender Offer Memorandum dated September 1, 2014.
Ahlstrom Corporation announces today the final results of the Tender Offer to the holders of its outstanding EUR 100,000,000 Notes due 2015. The re-opened Offer Period expired at 4.00 p.m. EET on September 16, 2014. The aggregate principal amount of Notes validly offered for purchase by Noteholders was EUR 45,771,000 representing 45.771% of the aggregate amount of all the Notes.
As announced on September 11, 2014, the new issue condition has been satisfied and Ahlstrom accepts to buy all the notes offered for purchase by the Noteholders. The final acceptance amount is therefore EUR 45,771,000.
Pricing of the Offer took place approximately at 11 a.m. EET today, September 17, 2014. The purchase price payable by Ahlstrom to the relevant Noteholders will be 104.130 per cent of the principal amount of the notes. A summary of the final pricing details is outlined below:
|Interpolated Rate||Purchase Spread||Purchase Yield||Purchase Price||Accrued Interest|
The settlement of the trades is expected to occur on September 19, 2014.
For more information, please contact:
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. We aim to grow with a product offering for clean and healthy environment. Our materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion. Our 3,500 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
This release is for informational purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any bonds. The distribution of this release and the related material concerning the issuance of the new bond and the invitation to tender the outstanding bond are prohibited by law in certain countries. The new bonds are not being offered and the tender offer for the outstanding bonds is not made to the public either inside or outside of Finland. Persons resident outside of Finland may receive this release and the related bond documentation only in compliance with applicable exemptions or restrictions. Persons into whose possession this release and the related bond documentation may come are required to inform themselves about and comply with such restrictions.
This release and the related bond documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland, including the United States, Australia, Canada, Hong Kong, South Africa, Singapore and Japan. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell the Issuer's bonds to any persons in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Ahlstrom's representatives assume no legal responsibility for such violations, regardless of whether the parties contemplating investing in or divesting the Issuer's bonds are aware of these restrictions or not. Ahlstrom's bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), nor under any securities legislation of any state in the United States, and they may not be offered, sold, resold, delivered, distributed, bought or transferred in the United States or to U.S. persons or on behalf of U.S. persons, except pursuant to an exemption from the registration requirements of the Securities Act and any securities legislation of any state in the United States.