Axactor ASA: Repurchase of bonds

Axactor ASA today announces the repurchase of additional EUR 50.9 million of the bonds maturing in September 2026.

The EUR 300 million bond with ticker ACR03 matures in September 2026 and holds an outstanding face value adjusted for treasury bonds of EUR 230.2 million per 13 December 2024. The recent repurchases were made at an average of 94.2 percent of par, and Axactor will thus recognize a gain of EUR 2.9 million in the fourth quarter results. After the recent repurchases, Axactor holds EUR 69.8 million of ACR03 bonds.

"The recent portfolio sale in Spain at accretive terms, in addition to our repurchase of the 2026 bond, demonstrates Axactor's commitment to leverage value creating transactions, such as potential further accretive bond repurchases and portfolio divestures in 2025. We continue to expect reduced interest cost going forward and to capitalize on reduced market interest rates," says CEO Johnny Tsolis.