Nordwest Industrie Group Announces Early Redemption of 2019/2025 Notes

Nordwest Industrie Group GmbH has announced an early redemption of its 2019/2025 notes. This development follows a planned bond issue by its subsidiary, Nordwest Industrie Finance GmbH. The company intends to redeem the notes, with a total principal of EUR 15 million, at 100.50% of their principal amount plus accrued interest. This move depends on the successful placement of the new Nordic Bond, which begins marketing today.

The Nordic Bond, facilitated by Pareto Securities, has a four-year term, a floating interest rate, and will be governed by Norwegian law. Nordwest Industrie Finance plans for a total financing package of EUR 100 million, aimed at refinancing various liabilities, including the current 2019/2025 notes.

The bond issue is private, targeting a minimum investment of EUR 100,000 per investor. The company highlights that it is not offering these securities for public sale, notably excluding regions like the United States, Canada, Australia, and Japan.