Ahlstrom's underwriting of convertible hybrid bond notes issued by Suominen ends; issuance of bonds at nominal value of €17.5M was fully subscribed, relates to pending sale of Ahlstrom Fabricação de Não-Tecidos to Suominen
February 5, 2014
– Ahlstrom, a global high performance fiber-based materials company, announces that its underwriting of convertible hybrid bond notes issued by Suominen Corporation has ceased.
Suominen's convertible hybrid bond issue with a nominal value of EUR 17.5 million was fully subscribed.
The commitment was related to the financing of the transaction between Ahlstrom and Suominen announced on January 10, 2014. The parties agreed on the sale of the shares of Ahlstrom Fabricação de Não-Tecidos Ltda to Suominen. The company operates the Brazilian plant of Ahlstrom's former Home and Personal business area. The transaction is expected to be completed in February 2014.
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.