NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS OR TO ANY U.S. PERSON (AS DEFINED
IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) (THE
"SECURITIES ACT") OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN
CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW.
BEWI ASA (the "Company" or "BEWI") has successfully issued new senior secured
floating rate bonds (the "New Bonds") in an initial amount of EUR 250 million
and announces the results of the tender offer (the "Tender Offer") to the
holders of BEWI's existing bonds issued under the 2021/2026 senior unsecured
bond framework due 2026 with ISIN SE0016276398 with an outstanding amount of EUR
250 million (the "Outstanding Bonds"). The Tender Offer expired at 14:30 CEST on
5 September 2025. Holders of the Outstanding Bonds have in connection with the
Tender Offer accepted to tender Outstanding Bonds corresponding to a total
nominal amount of EUR 154.75 million. BEWI will complete the Tender Offer and
tender the Outstanding Bonds accepted under the Tender Offer. Settlement for the
New Bonds and for the Tender Offer is expected to occur on 12 September 2025.
The Tender Offer was made on the terms and subject to the conditions set out in
a tender information document dated 29 August 2025 (the "Tender Information
Document").
The New Bonds were issued under a total framework of EUR 325 million, carries a
floating interest rate of 3m Euribor + 400 basis points and will mature in
September 2029. BEWI intends to apply for admission to trading of the New Bonds
on the corporate bond list of Nasdaq Stockholm.
The Tender Information Document and the notice of early redemption are available
on the following link: https://bewi.com/investors/financing/.
In accordance with BEWI's conditional notice of early redemption of the
Outstanding Bonds published on 1 September 2025, BEWI intends, subject to the
conditions therein being fulfilled, to exercise its right of early redemption.
Upon such early redemption, the Outstanding Bonds will be repurchased at a price
corresponding to 101.380 percent of the nominal amount plus accrued and unpaid
interest from each person who is registered as owner of Outstanding Bonds as of
the record date, being 18 September 2025, and the settlement date for the early
redemption is expected to occur on 25 September 2025.
DNB Carnegie, a part of DNB Bank ASA and Nordea Bank Abp have acted as arrangers
and joint bookrunners in respect of the issuance of the New Bonds and as dealer
managers for the Tender Offer. Mannheimer Swartling has acted as legal advisor
to the joint bookrunners and the dealer managers and Cirio has acted as legal
advisor to the Company.
For further information, please contact:
Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756
1959
Marie Danielsson, CFO BEWI ASA, tel: +46 70 661 0047
About BEWI ASA
BEWI is an international provider of packaging, components, and insulation
solutions. The company's commitment to sustainability is integrated throughout
the value chain, from production of raw materials and end goods, to recycling of
used products. With a vision to protect people and goods for a better every day,
BEWI is leading the change towards a circular economy.
BEWI ASA is listed at the Oslo Børs under ticker BEWI.
The information is such that BEWI ASA is required to disclose in accordance with
the EU Market Abuse Regulation. The information was submitted for publication,
through the agency of the contact person set out above, at 16:15 CEST on 5
September 2025.