ROTTNEROS PAYS OFF LOAN EARLY
As previously announced, Rottneros paid an instalment of SEK 125 million on 30 June 2009 on the syndicated bank loan. Thus Rottneros’ total loan debt has now been reduced by a total of SEK 255 million and now amounts to around SEK 450 million.
These measures significantly improve and simplify the conditions for Rottneros to implement the planned new share issue which is at the preparatory stage and which Rottneros and Nemus Holding have committed to. The plan is to convene an extraordinary shareholders’ meeting shortly and at this meeting to propose a new share issue equivalent to around SEK 200 million. To improve the conditions for implementing this new issue, discussions are continuing with the company’s lenders for the purpose of further reducing the company’s debt burden by converting debt to shareholders’ equity. The lenders would thereby become significant shareholders in the company.
For further information, please contact:
Ole Terland, President and Chief Executive Officer, +46 8 590 010 00
This information is such that Rottneros must disclose in accordance with the Swedish Securities Markets Act. The information was submitted for publication on 10 July 2009 at noon CET.