BEWi ASA Announces its Intention to Refinance the Up to EUR 100,000,000 Senior Secured Floating Rate Notes Due 2022
August 19, 2021 at 10:10 am EDT
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On 9 August 2021, BEWI ASA announced its intention to refinance the up to EUR 100,000,000 Senior Secured Floating Rate Notes due 2022 (ISIN: SE0010985556) and the up to EUR 115,000,000 Senior Secured Floating Rate Notes due 2023 (ISIN: SE0013409455) (collectively referred to as the "Bonds") issued by BEWiSynbra Group AB (publ) (a wholly owned subsidiary of BEWI ASA) ("BEWiSynbra") by issuing new senior unsecured floating rate sustainability-linked bonds in an aggregate amount of up to EUR 160,000,000 under a framework of up to EUR 250,000,000 (the "New Bonds"), subject to BEWiSynbra obtaining approval from the holders of the Bonds (the "Bondholders") to add an option for refinancing the Bonds in full before their respective final maturity date.
Bewi ASA is a Norway-based international provider of packaging, components and insulation solutions. The Companyâs products protect and insulate everything from fish and vegetables to fragile products. They are used in walls, roofs and floors, under streets and roads and in bridges. Bewi ASA operates through four core business segments: RAW, a developer and producer of white and grey expanded polystyrene; Packaging & Components (P&C), a developer and manufacturer of standard and customized packaging solutions and technical components for customers in many industrial sectors; Insulation, a developer and manufacturer of a range of products and solutions for the building and construction industry, including foundations, walls, roofs, and ceilings, and Circular that offers different solutions for waste management and collection of used material, as well as offers a range of recycled materials. BEWI serves a range of end markets, such as pharmaceutical, automotive, and infrastructure.
BEWI ASA 
