Ahlstrom considers issuance of hybrid bond
Ahlstrom Corporation STOCK EXCHANGE RELEASE 09.11.2009
Ahlstrom Corporation, a leading supplier of nonwovens and specialty papers, is considering the issuance of a hybrid capital bond. The potential issue is expected to be launched in the near future subject to market conditions. The targeted size of the issue is approximately EUR 80 million. Nordea Markets has been appointed as a sole book runner of the potential issue. Summa Capital Oy has acted as Ahlstrom's adviser in the preparation of the arrangement.
A hybrid bond is an instrument which is subordinated to the company's other debt obligations and which is treated as equity in the IFRS financial statements. Hybrid bonds do not confer to their holders the right to vote at shareholder meetings and do not dilute the holdings of the current shareholders.
For further information, please contact:
Jan Lång
President & CEO
Tel. +358 10 888 4700
Seppo Parvi
CFO
Tel. +358 10 888 4768
Distribution:
Main media
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom's products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 6,000 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2008, Ahlstrom's net sales amounted to EUR 1.8 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.