Novedo receives approval from the bondholders in relation to amendments to the terms and conditions of outstanding bond loan
On August 28, 2023, Novedo Holding AB (publ) (“Novedo” or the “Company”) initiated a written procedure (the “Written Procedure”) in relation to certain amendments of the terms and conditions (the “Terms and Conditions”) of the Company’s outstanding bond loan 2021/2024 with ISIN SE0017070980 (the “Bonds”). The Written Procedure has today been successfully concluded. Approximately 82 per cent. of the adjusted nominal amount for which the bondholders were voting, voted in favour of the proposal.
The Written Procedure was initiated on August 28, 2023, to request the bondholders’ consent to certain amendments to the Terms and Conditions, as summarised in a press release published by the Company on August 28, 2023 (the “Amendments”).
The Written Procedure has today been successfully concluded. A sufficient number of votes were obtained in order to form a quorum and approximately 82 percent of the adjusted nominal amount for which the bondholders were voting, voted in favour of the Amendments.
In accordance with the Written Procedure, an Initial Consent Fee of SEK 1,250,000 (0.1 percent of the nominal amount) will be paid to the holders of Bonds. The Initial Consent Fee will be paid to the holders of Bonds through Euroclear Sweden on October 10, 2023. The payment will be made on a pro-rata basis to the holders of Bonds who are registered as a holder on the record date on October 3, 2023. The payment will be made to all holders of Bonds regardless if such holder has participated in the Written Procedure or voted for or against the Amendments.
An Additional Consent Fee of SEK 11,250,000 (0.9 percent of the nominal amount) shall be paid no later than twenty (20) Business Days after the fulfillment of the Condition.
For questions regarding the administration of the Written Procedure, please contact Nordic Trustee & Agency AB (publ) at firstname.lastname@example.org or +46 8 783 79 00.