In connection with and following the announced
restructuring of Blom ASA's ("Blom" or the "Company")
balance sheet, where:
· NOK 312 million of the bond loan "FRN Blom
ASA Senior Secured Bond Issue 2009/2012", will be
converted into equity in Blom, and the remaining NOK
35 million is exchanged into a new convertible bond
loan, and
· the maturity of the NOK 50 million bond
loan "FRN Blom ASA Senior Bond Issue 2011/2012" was
prolonged to 30 April 2015 and the interest rate was
reduced from NIBOR + 11% to NIBOR + 5.5%;
the Company is offering to issue new senior secured
bonds due 8 February 2013 up to a maximum aggregate
amount of NOK 30,000,000. The bonds will carry a
coupon of 15% p.a.
The Bonds are offered with pre-emptive rights for the
bondholders in the bond loan "FRN Blom ASA Senior
Bond Issue 2011/2012" (ISIN NO0010642853) as of 30
April 2012. The Company has appointed ABG Sundal
Collier (the "Manager") to assist in the private
placement of the bonds. The Manager has received pre-
commitments from existing bondholders in excess of
NOK 20 million.
For further information please contact CEO Dirk
Blaauw, on tel. +47 22 13 19 20 or CFO Lars Bakklund,
tel. +47 22 13 19 34.
This information is subject of the disclosure
requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This press release is for information purposes only
and does not constitute or form part of, and should
not be construed as an offer or an invitation to sell
or issue, or the solicitation of any offer to buy or
subscribe for, any securities. In connection with
this transaction there has not been, nor will there
be, any public offering of the Bonds. No prospectus
will be prepared in connection with the offering of
the Bonds. The Bonds may not be offered to the public
in any jurisdiction in circumstances which would
require Blom to prepare or register any prospectus or
offering document relating to the Bonds in such
jurisdiction. The distribution of this press release
and the offer and sale of the Bonds in certain
jurisdictions may be restricted by law. Any persons
reading this press release should inform themselves
of and observe any such restrictions.
This press release is not being issued in or to the
United States of America, Canada, Australia, Bermuda,
Japan, Italy or in any other jurisdiction in which
such distribution would be prohibited by applicable
law. This press release does not constitute or form
part of an offer or solicitation of an offer to
purchase or subscribe for securities in the United
States. The Bonds will not be registered under the
United States Securities Act of 1933, as amended, and
may not be offered or sold in the United States,
except pursuant to an applicable exemption from
registration. No offering of the Bonds is being made
in the United States.
This press release is directed only at persons who
(i) are outside the United Kingdom or (ii) have
professional experience in matters relating to
investments who fall within Article 19(5)
("investment professionals") of The Financial
Services and Markets Act 2000 (Financial Promotion)
Order 2005 (as amended) (the "Order") or (iii) are
persons falling, within Article 49(2)(a) to (d)
("high net worth companies, unincorporated
associations etc") of the Order (all such persons
together being referred to as "relevant persons").
This press release is directed only at relevant
persons and must not be acted on or relied on by
persons who are not relevant persons. Any investment
or investment activity to which this press release
relates is available only to relevant persons and
will be engaged in only with relevant persons. In
addition, if and to the extent that this press
release is communicated in, or the offered securities
to which it relates is made in, any EEA member state
that has implemented Directive 2003/71/EC (together
with any applicable implementing measures in any
member state, the "Prospectus Directive"), this press
release and the offering described herein are only
addressed to and directed at persons in that member
state who are "qualified investors" within the
meaning of the Prospectus Directive (or who are other
persons to whom the offer may lawfully be addressed)
and must not be acted on or relied on by other
persons in that member stat