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Norse Atlantic Plans $30 Million Convertible Bond Issue

MT Newswires·08/19/2025 03:49:15
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03:49 AM EDT, 08/19/2025 (MT Newswires) -- Norse Atlantic (NORSE.OL) plans to issue $30 million in two-year senior unsecured convertible bonds. The Norwegian airline plans to use the proceeds to refinance existing debt and for general corporate purposes, according to a Tuesday release. The planned bond issue is subject to shareholder approval at an extraordinary general meeting. Arctic Securities, Pareto Securities and SpareBank 1 Markets are joint bookrunners for the issue.