The Management Board of Arctic Paper S.A. (the "Company") informs investors, referring to point 2 and 4 of current report No. 20/2016 "Conclusion by the company Arctic Paper S.A. of material agreements related to the refinancing process" published on 9 September 2016, that on 30 September 2016 (the "Issue Date") the Company issued 100,000 series A bonds in a private placement as part of the programme of the issue of bonds up to the amount of PLN 150,000,000 dated 9 September 2016 (the "Bonds"). The Bonds were issued on the following legal basis: (i) Art. 33 point 2 of the Act on Bonds of 15 January 2015; (ii) resolution of the Company's management board No. 1/05/2016 dated 4 May 2016; (iii) resolution of the Company's supervisory board No. 11/04/2016 dated 28 April 2016; (iv) resolution of the Company's management board No. 1/09/2016 dated 22 September 2016; and (v) resolution of the Company's management board No. 2/09/2016, dated 23 September 2016. The purpose of the issue was not specified in the terms and conditions of the Bonds, but the Company intends to use the proceeds from the Bonds' issue for refinancing existing liabilities. The bonds were issued as unsecured dematerialised bearer bonds. The total nominal value of the Bonds is PLN 100,000,000, and a nominal value of each of the Bonds is PLN 1,000. The issue price of the Bonds is equal to their nominal value. The Bonds will be redeemed on 31 August 2021 or on an early redemption date (the "Redemption Date"). Parallel debt, concerning, in particular, receivables of the bondholders (who entered into the intercreditor agreement) under the Bonds, will be secured pursuant to the intercreditor agreement executed by the Company, in accordance with point 4 of current report No. 20/2016. The Bonds were registered by Krajowy Depozyt Papierów Wartościowych S.A. (National Depositary for Securities). The Bonds will bear interest starting from the date following the Issue Date and until the Redemption Date (including that date). The Bonds will bear interest according to a variable interest rate equal to the sum of WIBOR 6M rate and the margin the amount of which will depend on the net debt to EBITDA ratio. The interest on the Bonds will be paid semi-annually. The terms of issue of the Bonds do not provide for any non-pecuniary performances. The Company's intention is to introduce the Bonds into trading in the alternative trading system run by Giełda Papierów Wartościowych w Warszawie S.A. and/or BondSpot S.A. The terms of issue of the Bonds provide for a bondholders' meeting. For additional information, please contact: Per Skoglund, acting President of the Management Board of Arctic Paper, tel. +46 733 21 70 09 This information is disclosed pursuant to Art. 17 sec. 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC. and was submitted for publication on 14 September 2016 at 3:30 pm CET, in reference to Arctic Paper’s current report no. 24/2016 filed with the Warsaw Stock Exchange
Issue of series A bonds by the company Arctic Paper S.A.
| Source: Arctic Paper AB