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Alex Gale

West Atlantic AB (publ) publishes prospectus and applies for listing of bonds on Nasdaq Stockholm

On December 21, 2015, West Atlantic AB (publ) issued a senior secured bond loan in the amount of SEK 850 million, within a framework amount of SEK 1,350 million.

In accordance with the terms and conditions for the bond loan, West Atlantic AB (publ) has applied for the bonds to be admitted to trading on the Corporate Bond List at Nasdaq Stockholm.

In view of the application for admission to trading, West Atlantic AB (publ) has prepared a listing prospectus for the bonds. The prospectus has been approved by and registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and will be made available on the Swedish Financial Supervisory Authority’s website (www.fi.se) and on the group’s website (www.westatlantic.eu)

The estimated first day of trading will be around January 26, 2016.

Press Release

West Atlantic discloses the information in this release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act.  

West Atlantic AB (publ) Prospectus regarding listing of senior secured callable fixed rate bonds

Today the Group has received an approval from the Swedish Financial Supervisory Authority in regards to the Prospectus, which was written for the admission to trading on NASDAQ Stockholm of up to SEK 1,350,000,000 6.50 % Senior Secured Callable Bonds 2015/2019 with ISIN code: SE0007783840

Please find the published and hereby public prospectus below:

West Atlantic Prospectus Senior Secured Callable Bonds 6.50% 2015/2019

West Atlantic discloses the information in this release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act

West Atlantic to participate in Pareto Securities’ 5th Annual Nordic Corporate Bond Conference

During the conference Gustaf Thureborn, West Atlantic’s Chief Executive Officer and Group President, will hold a presentation covering the Group’s operations, market position, financial performance up to the third quarter of 2015 and present a current market outlook for 2015-2020.

The full presentation is available here: 2016-01-20 Pareto Sec

Press Release

West Atlantic discloses the information in this release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act.

West Atlantic announces third B767 aircraft enters service

West Atlantic are pleased to announce that a third B767 has successfully entered service under a multi-year agreement with a Global Integrator. The aircraft is the third to have been supplied to West Atlantic by Cargo Aircraft Management, a division of strategic partner, Air Transport Services Group.

Operated by West Air Sweden the aircraft (SE-RLC) joins its sister ships (SE-RLA, SE-RLB) which both entered service in during 2015.

“The B767 is the most efficient freighter in its class. Its unbeatable combination of economics and operational efficiency provides excellent opportunity for our customers to outsource their medium widebody requirements and we warmly welcome this third aircraft to our fleet” – says Gustaf Thureborn, CEO and President.

Press release

West Atlantic discloses the information in this release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act.  

West Atlantic AB (publ) to redeem all outstanding bonds under its SEK 500 million bond loan

In conjunction with an issue of new bonds by West Atlantic (the “Company”), as communicated in a press release dated 9 December 2015, the Company has elected to exercise its option for early redemption in full of its currently outstanding SEK 500 million 8 per cent senior secured bonds 2013/2018 with ISIN SE0005133360 (the “Previous Bond Loan”), and has given notice of this to all bondholders under the Previous Bond Loan.

The redemption of the bonds under the Previous Bond Loan is expected to occur on 30 December 2015 (the “Early Redemption Date”). The Record Date for the early redemption will be 21 December 2015, and the bonds will be redeemed at the Make Whole Amount (including accrued but unpaid interest), amounting to approximately SEK 1,080,029 per bond (based on today’s Swedish Government Bond Rate, the final amount will be established in connection with the Early Redemption Date) (Record Date and Make Whole Amount as defined in the Previous Bond Loan). The Company’s notice of early redemption is irrevocable and governed by Swedish law.

Press Release

Notice of early redemption 

West Atlantic AB (publ) issues a 4-year SEK 850 million senior secured bond

West Atlantic AB (publ) (the “Company”) has successfully placed an issue of senior secured bonds in the amount of SEK 850 million. The bonds will carry a fixed interest rate of 6.50 per cent per annum and will mature in December 2019. Nearly 100 institutional and private wealth investors from all the Nordic countries as well as from the UK and Continental Europe participated in the oversubscribed issue.

In conjunction with the abovementioned bond issue, the Company will in the near future redeem all bonds under its outstanding bond loan of SEK 500 million 8.00 per cent senior secured bonds 2013/2018 with ISIN SE0005133360. A separate notice regarding the redemption will be published in due course.

Press Release

Updated Corporate Bond Terms & conditions for West Atlantic AB (publ)

On November 2, 2015 a notice to bondholders’ meeting by way of procedure in writing was sent to the bondholders in West Atlantic AB (publ) (the “Company”) bond issue with ISIN SE0005133360 (the “Bonds”). The time for replies expired on November 16, 2015 and a sufficient number of votes were obtained to form a quorum and the proposed resolution obtained 100% of the votes. The terms and conditions of the Bonds will therefore be amended as set out in the notice to the written procedure; accordingly the Bonds may be redeemed by the Company at any time, in exchange for full interest compensation (make-whole provision) adjusted to net present value calculations, up to and including the previous first call date, May 9 2016.

Download Terms & Conditions which reflects the above mentioned changes and replaces the Terms & Conditions published on May 8, 2013.

Final outcome from written procedure in West Atlantic AB (publ)

On November 2, 2015 a notice to bondholders’ meeting by way of procedure in writing was sent to the bondholders in West Atlantic AB (publ) (the “Company”) bond issue with ISIN SE0005133360 (the “Bonds”). The time for replies expired on November 16, 2015 and a sufficient number of votes were obtained to form a quorum and the proposed resolution obtained 100% of the votes. The terms and conditions of the Bonds will therefore be amended as set out in the notice to the written procedure; accordingly the Bonds may be redeemed by the Company at any time, in exchange for full interest compensation (make-whole provision) adjusted to net present value calculations, up to and including the previous first call date, May 9 2016.

Press Release

West Atlantic announces second B767 aircraft enters service

West Atlantic are pleased to announce that a second B767 has successfully entered service under a multi-year agreement with a Global Integrator. The aircraft is the second to have been supplied to West Atlantic by Cargo Aircraft Management, a division of strategic partner, Air Transport Services Group.

Operated by West Air Sweden the aircraft (SE-RLB) joins its sister ship (SE-RLA) which entered service in April this year.

West Atlantic has further secured commercial terms for a third B767 aircraft which is scheduled to be deployed in Q1, 2016.

“We have been delighted with the performance of our first 767 and, with the arrival of the second, we’re further delivering on our commitment to ensure that West Atlantic continues to meet a growing demand for efficient outsourced medium widebody freighters in our core EU market” – says Gustaf Thureborn, CEO and President.

 

Press Release