Orexo contemplates issuance of senior secured callable floating rate social bonds and announces a conditional tender offer for its existing bonds
UPPSALA, Sweden, March 8, 2024 /PRNewswire/ — Orexo AB (publ), (“Orexo” or the “Company“) (STO: ORX) (OTCQX: ORXOY) has mandated ABG Sundal Collier and Carnegie Investment Bank as arrangers and joint bookrunners to arrange a series of fixed income investor meetings commencing on March 11, 2024, to explore the possibility to issue new senior secured callable floating rate social bonds in an expected amount of SEK 500,000,000 and with a tenor of four years (the “New Social Bonds“). Subject to, inter alia, market conditions, a capital markets transaction may follow. The net proceeds from the contemplated issuance of the New Social Bonds will be applied in accordance with the principles set out in Orexo’s social financing framework, including but not limited to, refinancing of Orexo’s existing senior unsecured callable floating rate bonds of SEK 500,000,000 with maturity in February 2025 (ISIN SE0015193958) (the “Existing Bonds“) and financing or refinancing permitted acquisitions or investments under Orexo’s social financing framework.
Related news for (ORXOY)
- Orexo shares new information on OX124, a high-dose naloxone rescue medication in development for opioid overdose
- Orexo AB´s sustainability work ranked among top 5% by EcoVadis
- Orexo publishes prospectus and applies for admission to trading of social bonds on Nasdaq Stockholm
- Orexo announces that the condition for early redemption of its existing bonds has been fulfilled
- Orexo successfully issues senior secured callable floating rate social bonds of SEK 500 m and announces results of the tender offer for its existing bonds