Kernel to buy out its USD 500 mln notes preterm
Kernel Holding S.A. announces it will exercise its option to redeem all of the outstanding USD 500,000,000 8.75% guaranteed notes due 2022 on 20 December 2021.
As reported, the notes will be redeemed at a redemption price equal to 100% of the notes principal amount, plus the Make Whole Premium on the issuer, i.e. Kernel Holding S.A., plus accrued and unpaid interest to the Call Settlement Date.
"The amount of the Make Whole Premium and the accrued but unpaid interest will be separately communicated to Noteholders on or about the second Business Day prior to the Call Settlement Date," the company's report reads.
Previously reported that the founder of the investment company Lind Invest (Aarhus, Denmark) Henrik Lind bought 5.02% interest in Kernel Holding S.A. on 16 November.
Kernel Holding S.A. market cap as of Nov. 10 made up USD 1247 mln.