Host Property AB (publ) obtains approval from Bondholders regarding certain amendments to the terms and conditions

Host Property AB (publ) (the "Issuer") has instructed Nordic Trustee & Agency (publ), bond trustee for the Issuer's SEK 500,000,000 senior secured and guaranteed floating rate bonds with ISIN SE0013486057 (the "Bonds"), to instigate a written procedure (the "Written Procedure"). As described in the notice of Written Procedure published by the Issuer on 9 November 2022 and distributed to holders of the Bonds (the "Bondholders"), the Issuer has requested the Bondholders' approval of certain proposed amendments of the terms and conditions of the Bonds, including, inter alia, a two year extension of the terms of the Bonds, increased margin and increased redemption premium (the "Proposal"). The notice of the Written Procedure including a more detailed description of all proposed amendments are available at the Issuer's web page (https://flyingelephant.com/reports#!/tab/226680303-2).

The Issuer hereby announces that the voting period expired today, on 28 November 2022, and that a sufficient number of votes were obtained in order to form a quorum and that 77.3 per cent of the adjusted nominal amount for which Bondholders were voting, voted in favour of the Proposal. It is therefore resolved that the Bondholders have agreed to the Proposal. The decision to accept the Proposal is effective as per today and the terms and conditions of the Bonds will be amended and restated effective from today to reflect the approval of the Proposal (the "Amended and Restated Terms and Conditions". The Amended and Restated Terms and Conditions will be available on the Company's web page https://flyingelephant.com/reports#!/tab/226680303-2.

As stated in the notice of Written Procedure, a consent fee amounting to four (4.00) per cent. of the nominal amount as of today (the "Consent Fee") will be paid to the Bondholders. The Consent Fee will be paid to the Bondholders on a pro rata basis through Euroclear. The record date for payment of the Consent Fee will be 1 December 2022 and the payment will be made on 8 December 2022.

This information is information that Host Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication through the agency of the contact person set out above at 14:38 CET on November 28, 2022.

Christian Fuhr, Investor Relations, Host Property AB (publ), mob: +47 98 22 85 16, email: [email protected]

Om du vill öppna texten i din webbläsare klicka här
______________________________________________________
Denna information skickades genom beQuoted Press
Om Du vill ha mer information gå till www.beQuoted.com
Om Du inte vill erhålla företagsnyheter klicka här

beQuoted Press är en service till Dig som är intresserad av finansiell information. Med beQuoted Press underlättas företagens finansiella kommunikation till Dig och till nyhetsbyråer, aktieägare, placeringsrådgivare och andra intressenter på aktiemarknaden.

Vi hoppas att Du uppskattar denna service.