Amer Sports Corporation: Hybrid Bond Issue
STOCK EXCHANGE RELEASE
February 20, 2009 at 8:30 am
Amer Sport has mandated Nordea Markets to act as a sole bookrunner on a potential hybrid capital issue. The issue is expected to be launched in the near future subject to market conditions. The size of the issue is EUR 50-75 million.
Hybrid bond is a bond that is subordinated to the company's other debt obligations and will be treated as equity in the IFRS financial statements. The dates of interest payment are at the issuer's discretion. Hybrid bond holding does not confer the right to vote at shareholder meetings and will not dilute the holdings of the current shareholders.
For further information, please contact:
Esko Heinälehto, Group Treasurer, tel. +358 9 7257 8258
Pekka Paalanne, Executive Vice President and CFO, tel. +358 9 7257 8212
Tommy Ilmoni, Vice President, IR and Corporate Communications, tel. +358 9 7257 8233
AMER SPORTS CORPORATION
Communications
Ms Maarit Mikkonen
Communications Manager
Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com
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AMER SPORTS CORPORATION
Amer Sports (www.amersports.com) is the world's leading sports equipment company with internationally recognized brands including Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets.