Mobylife buys SEK 68 million bonds at 68.8 in reverse Dutch auction

By Susanna Moon

Chicago, Sept. 17 – Mobylife Holding A/S said it will repurchase SEK 68 million of its senior secured bonds.

The average acceptance price in the reverse Dutch auction was 68.8% of par plus accrued interest, according to a company notice.

The repurchase offer ended at 6 a.m. ET on Sept. 16, with settlement following on Sept. 23. The offer was announced Sept. 2.

Intertrust (Sweden) AB, formerly CorpNordic Sweden AB, is the agent for the holders.

The issuer previously said it will use part of its current cash reserve to repurchase the bonds, subject to a minimum of Kr 25 million, including accrued interest and fees.

Pareto Securities is the manager for the Regulation S buyback offer.

Mobylife is a mobile repair company based in Soborg, Denmark.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.