HL18 Property Portfolio AB (publ) - Initiates a written procedure

HL18 Property Portfolio AB (publ) (the "Company") has instructed the agent for the Company's SEK 550,000,000 Senior secured Floating Rate Bonds 2021/2024 with ISIN SE0017082779 (the "Bonds") to initiate a written procedure (the "Written Procedure") to request the bondholders to vote in favour of amending the terms and conditions of the Bonds (the "Terms and Conditions").

The Company proposes that the bondholders consent to the Terms and Conditions being amended in order to exclude the limitation of maximum 300,000,000 SEK in permitted partial divestment of properties. The Company offers a consent fee in an amount equal to 0.25 per cent of the nominal amount of each Bond held by the relevant bondholder on the Consent Fee Record Date (as defined in the notice to the Written Procedure). Further details regarding the terms and conditions for the consent fee are stipulated in the notice to the Written Procedure.

The agent will deliver the notice to a written procedure to all bondholders on 14 March 2023. The written procedure will commence on 20 March 2023 and end on 12 April 2023. To be eligible to participate in the written procedure a person must fulfil the formal criteria for being a bondholder on 20 March 2023. This means that the person must be registered on a securities account with Euroclear Sweden AB as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Bonds.

The notice to the written procedure is available on the Company's website (oscarproperties.com) and on the website of the agent (intertrustgroup.com).

For further information, please contact:

Oscar Engelbert
Telephone: 070-568 00 01
Email: [email protected]

Information:

The information was submitted for publication, through the agency of the contact person set out above, at 8:30 CET on 14 March 2023.

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