Published: 2020-03-09 13:25:31 CET
Storent Investments
Inside information

AS Storent Investments to issue new notes; the existing noteholders may apply for exchange of their notes with the new notes

Insider information, 2020-03-09 13:25 CET --  

   On 5 March 2020, the Management Board of AS Storent Investments decided to approve the terms and conditions of the new notes issue in the amount of EUR 15 million. The notes mature on 19 October 2023, have coupon rate of 8% per annum and are planned to be listed on the regulate market of Nasdaq Riga (the New Notes). The offering of the notes will consist of the private placement to investors in certain Member States of the European Economic Area (the “EEA”), in each case pursuant to an exemption under Article 1(4) of the Regulation (EU) 2017/1129.

   In accordance with the terms and conditions of the New Notes the noteholders who own the notes of AS Storent Investments maturing on 30 June 2020 (ISIN LV0000802304) (the Existing Notes) are offered an opportunity in a time period between 9 March 2020 and 16 March 2020 to apply for the exchange of the Existing Notes owned by them with the New Notes (ISIN LV0000802411).

   The exchange ratio is one-to-one, and the noteholders may apply for the exchange with any number of the Existing Notes owned by them. The noteholders should specify in their applications the number of the Existing Notes which the noteholders wish to use for the exchange with the New Notes, as well as duly inform the relevant custodians on approval of the exchange of the Existing Notes with the New Notes.

   The noteholders who will apply for the exchange are entitled to receive a fee of 0.25 (zero point twenty-five) per cent of total nominal value of the Existing Notes that the noteholders have exchanged with the New Notes.

   Exchange of the Existing Notes with the New Notes will take place on 19 March 2020.

   Terms and conditions of the New Notes can be obtained by contacting the issuer by e-mail: investor.relations@storent.com.

 

Baiba Onkele

AS Storent Investments CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

www.storent.com