Wallenius Wilhelmsen considers bond buyback as part of liquidity management
Wallenius Wilhelmsen ASA is considering the repurchase of outstanding sustainability-linked bonds as part of its short-term liquidity management strategy, according to a stock exchange announcement issued on November 13, 2026.
The Norwegian shipping and logistics group is inviting bondholders to submit offers for two senior unsecured sustainability-linked bond issues, with a combined maximum repurchase amount of approximately NOK 930 million.
The proposed transaction covers the company’s NOK 1.25 billion bond issue maturing on April 21, 2027, identified as WAWI02, and its NOK 1 billion bond issue maturing on August 31, 2028, identified as WAWI03.
Danske Bank has been appointed as dealer manager for the proposed buyback, which will be conducted through a reverse Dutch auction. Under this process, eligible bondholders will submit confidential offers specifying the volume of bonds they wish to sell and their proposed selling prices.
Wallenius Wilhelmsen will determine the maximum price it is prepared to accept for each bond issue and may allocate the repurchase amount between the two issues at its discretion. The company also retains the right to reject all submitted offers or adjust the size of the transaction.
Proposed timetable and settlement
The deadline for bondholders to submit their offers is November 27, 2026, at 16:00 CET. Wallenius Wilhelmsen expects to determine the accepted repurchase prices and volumes, if any, before 09:00 CET on November 30.
Cash settlement is scheduled for December 7, 2026, subject to the company proceeding with the transaction. Any bonds acquired through the process will subsequently be cancelled.
The company has also specified that the offer is restricted to eligible bondholders outside the United States, with additional participation and distribution restrictions applying.
The proposed repurchase forms part of Wallenius Wilhelmsen’s short-term liquidity management activities. The final amount purchased, if any, will depend on the offers received and the company’s decision following the auction process.
Wallenius Wilhelmsen operates an international Ro-Ro shipping and vehicle logistics network, transporting passenger vehicles, trucks, rolling equipment and breakbulk cargo across global trade routes.
