I.M. Skaugen is seeking to improve its financial position next year in a bond buyout.
In a posting to the Oslo Bourse, the company offers to buy back up to NOK 150m ($26m) of its bonds at face value.
In return the company will pay 50% cash and 50% in a new bond issue maturing 29 March 2013.
If it receives bond holder interest exceeding the NOK150m upper limit, the offer will be pro-rated.
The
