CLOSE

Featured events

Events | Virtual

Bankruptcy and Restructuring: Navigating Distress in the Evolving Markets

22 Jun 2023

Learn more >

Events | Virtual

Private Funds Industry Live, Expanding Private Funds in Global Markets

10 Jan 2023

Watch the recording >

Events | Virtual

Private Funds Industry Live, Demystifying Private Capital Funds

6 Dec 2022

Watch the recording >
Show all events >
CLOSE

Notice of total voluntary redemption for senior unsecured fixed rate notes with ISIN FI4000260856 issued by Nortal AS (the “Issuer”) (the “Notes”)

29 May 2019

The Issuer has on 29 May 2019 notified the holders of the Notes (the “Noteholders”) and the Agent of its intention to exercise its right to redeem all outstanding Notes in full on 26 June 2019 (the “Redemption Date“) in accordance with Clause 8.3 (Voluntary total redemption (call option)) of the terms and conditions of the Notes, as amended and restated on 10 April 2018 (the “Terms and Conditions”).

The redemption amount for each Note shall be the applicable call option amount (being 100 per cent. of the Nominal Amount plus 50 per cent. of the Interest Rate (calculated on the Nominal Amount for one year)), plus accrued but unpaid Interest. The redemption amount will be paid to the Noteholders holding Notes on the applicable Record Time (being 25 June 2019).

Nortal’s obligation to redeem any of the Notes on the Redemption Date is conditional upon Nortal, prior to the Redemption Date, fulfilling the conditions precedent for disbursement of the net proceeds from the issue of its up to EUR 75,000,000 senior secured notes 2019/2024 (ISIN: FI4000383930), which are, among other things, to be applied towards financing the redemption of the Notes (the “Financing Condition”). The redemption of the Notes as described herein, and the giving of this notice, is subject to and conditional upon the satisfaction of the Financing Condition, and Nortal shall not, and shall have no obligation to, redeem of the Notes pursuant to this notice unless the Financing Condition has been satisfied prior to the Redemption Date.

The Issuer shall inform the Agent and the Noteholders by way of press release at least one (1) Business Day prior to the Redemption Date if the Financing Condition is, or will not be, satisfied or waived by the Issuer. If the Financing Condition is not satisfied or waived by the Issuer on or prior to the Redemption Date, the Notes will remain outstanding and interest will continue to accrue in accordance with the Terms and Conditions.

The notice is irrevocable (but is for the avoidance of doubt conditional upon the Financing Condition being met) and shall be governed by Finnish law.

The formal notice (the “Notice”) has been sent by ordinary mail to direct registered noteholders and registered authorised nominees in accordance with the Terms and Conditions. A copy of the Notice can be downloaded here

For questions regarding the Notice:


To the Issuer: Nortal AS, Neringa NarbutienÄ—, CFO, tel: +370 (680) 21 366, mail: [email protected]

To the Agent: Intertrust (Finland) Oy, Alli Seppänen, tel: +358 (45) 249 6103, mail: [email protected] with a copy to [email protected]

Our services

Corporate Client Services

Operating internationally can be challenging. You need a partner who understands local rules, culture and customs and how they affect legal and regulatory requirements. That’s where we come in.

Can't find what you're looking for?

View all corporate client services

Private Capital & Hedge Funds Services

We differentiate our global leading fund services through our geographical spread, domain strength, technology offering and depth of services.

Can't find what you're looking for?

View all private capital & hedge fund services

Capital Markets

As capital markets evolve across the globe, you need a bespoke approach from a service provider with a genuine understanding of how markets are changing.

Can't find what you're looking for?

View all capital markets services

Private Clients

By understanding the importance of long-term relationships built around trust, we aim to truly understand your values. We’re your partner to help you protect, preserve and plan for the future.

Can't find what you're looking for?

View all private client services