CrossChem registers new unsecured notes issue in amount of EUR 5 million and offers LV0000860047 bondholders to exchange to new notesOlaine, 2024-10-14 16:30 CEST --
To continue the company's growth and refinance the existing bonds LV0000860047, on October 14, 2024, SIA CrossChem submitted documents to Nasdaq CSD for the registration of a new unsecured bond issue with the following characteristics:
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ISIN |
LV0000804698 |
|
Type of security |
Unsecured notes (with guarantee) |
|
Issue size |
Up to EUR 5,000,000 |
|
Nominal value of one note |
EUR 1,000 |
|
Annual coupon rate |
8.00% |
|
Coupon payment frequency |
Quarterly |
|
Maturity |
31 October 2027 |
|
Principal repayment |
At maturity |
Notes issue will be structured as a private placement with EUR 100,000 minimum investment. See Issue Terms attached.
"We highly value our investors and wish to continue our successful collaboration with them. Our goal is to refinance the existing €3 million bond issue, and if necessary, we are prepared to issue the full bond amount, up to €5 million," says Ričards Andersons, Chairman of the Board at CrossChem.
Offer to existing investors:
From 15 October to 29 October 2024, noteholders of LV0000860047 notes with maturity 4 November 2024 who wish to continue investing in SIA CrossChem notes are offered the opportunity to exchange their existing LV0000860047 notes for the new ones. Noteholders of LV0000860047 notes shall receive information from their custodians with instructions on the exchange event.
Noteholders holding LV0000860047 notes for at least EUR 100,000 are eligible for exchange offer.
Exchange offer and new notes issue are arranged by Signet Bank AS.
For any questions please contact:
Signet Bank AS
+371 6708 1058, invest@signetbank.com
CrossChem - 100% Latvian capital company that is part of the CrossChem International group and is part of a worldwide chain of manufacturers and distributors of chemical products. The Company's business is based on the production of sustainable and environmentally friendly products, which, by combining world experience, allows to reduce costs and increase competitiveness. SIA CrossChem produces AdBlue®, AUS40®, liquid fertilizers and auto chemicals, as well as provides a range of services related to these products.
Contact person:
Richard Anderson
Chairman of the board of SIA "CrossChem".
E-mail: board@crosschem.lv
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