Sunborn London Oyj - Summons for a written resolution – amendments to the senior secured bond terms

Sunborn (London) Oyj (the “Company”) has instructed the agent for the Company’s FRN Senior Secured EUR 25,500,000 Bonds 2021/2024 with ISIN NO0011099772 (the “Bonds”) to initiate a summons for a written resolution (the “Summons”) to request the bondholders (the “Bondholders”) to vote in favour of certain amendments to the terms and conditions of the Bonds, including an extension of the maturity (the “Amendment Proposal”). If the Amendment Proposal is passed, all Bondholders will receive an amendment fee of 100bps. Details of the Amendment Proposal are set out in the Summons available on the Company’s website (www.sunborn.com/investors) and on Stamdata (www.stamdata.com).

Nordic Trustee AS as the bond trustee will send the Summons to all Bondholders on 30 August 2024. The record date for being eligible to vote on the items in the Summons is 5 September 2024, and the deadline for voting is 16 September 2024 at 13:00 CET. The written resolution may, in accordance with the terms and conditions of the Bonds, be passed before the expiry of the voting deadline if a requisite majority has accepted the Amendment Proposal.

DNB Bank ASA, Sweden Branch has been retained as the Consent Solicitation Agent in connection with the Summons. For questions regarding the Amendment Proposal and requests set out in the Summons, please contact the Consent Solicitation Agent at bond.syndicate@dnb.no.

Sunborn London Oyj
Board of Directors

For further information, please contact:

Hans Niemi, CEO
Telephone: Finland +358 24454513
Email: hans.niemi@sunborn.com

Information:

This information is information that Sunborn (London) Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13:00 CET on 30 August 2024.

 

Disclaimer

The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Sunborn London Oyj in any jurisdiction.