Lassila & Tikanoja plc
Stock exchange release
7 September 2018 at 5.00 pm
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Lassila & Tikanoja plc issues EUR 50 million notes due 2023
Lassila & Tikanoja plc (the “Company”) issues senior unsecured notes in the amount of EUR 50 million (the “New Notes”). The New Notes mature on 17 September 2023, bear a fixed annual interest at the rate of 1.250 per cent and have an issue price of 99.534 per cent.
“We are pleased with the investors reception and strong demand towards our new bond issue. With this transaction we succeeded in lengthening the maturity of our loan portfolio with favourable terms,” says the Company’s CFO Tuomas Mäkipeska.
An application will be made for the New Notes to be listed on Nasdaq Helsinki Ltd. The funds from the issue of the New Notes will be used for partial redemption of the Company’s outstanding EUR 30,000,000 notes due 2019 and for repayment of an EUR 20 million loan provided by Danske Bank A/S.
Danske Bank A/S, Finland Branch acts as Lead Manager for the issue of the New Notes.
LASSILA & TIKANOJA PLC
Additional information:
Tuomas Mäkipeska, CFO, tel. +358 50 596 1616
Lassila & Tikanoja is a service company that is putting the circular economy into practice. Together with our customers, we keep materials, properties and factories in productive use for as long as possible and we eNhance the use of raw materials and energy. We help our customers maintain the value of their properties and materials while protecting the environment. We achieve this by delivering responsible and sustaina-ble service solutions that make the daily lives of our customers easier. With operations in Finland, Sweden and Russia, L&T employs 8,700 people. Net sales in 2017 amounted to EUR 709,5 million. L&T is listed on Nasdaq Helsinki.
Distribution
Nasdaq Helsinki
Major media
www.lt.fi/en
Important Information
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the New Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualifica-tion under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities for sale in the United States. The New Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons ex-cept pursuant to an applicable exemption from, or in a transaction not subject to, the registration require-ments of the Securities Act.
This communication does not constitute an offer of New Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the New Notes. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). In addition, this communication is, in any event only directed at persons who are "qualified investors" pursuant to the Prospectus Directive (2003/71/EC, as amended). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.