Sunborn (Gibraltar) Limited – Approval of written procedure and amendments to the terms and conditions of its EUR 60 million bonds with ISIN: SE0010296632
Sunborn (Gibraltar) Limited (the "Company") today announces the successful completion of the written procedure that was initiated on 8th November 2024 in relation to the Company's outstanding up to EUR 60,000,000 senior secured floating rate bond loan with ISIN SE0010296632 (the "Bonds"), regarding certain amendments to the terms and conditions of the Bonds and consenting a non-cash distribution of a guarantor (the "Proposal").
A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour to approve the Proposal.
The Notice to the Written Procedure is available on the Company's website (www.sunborn.com/press) and on Stamdata (www.stamdata.com).
For further information, please contact:
Hans Niemi, CEO
Telephone: +358 (0)24454513
Email: hans.niemi@sunborn.com
About Sunborn (Gibraltar) Limited
Sunborn Gibraltar is part of the Sunborn Group, which is over 50 years old, privately owned group of companies based in Finland, with decades of experience in the hospitality sector. Sunborn's focus is on the development of luxury spa and yacht hotels, restaurants and other high-quality property.
Sunborn is present at the moment in Finland, Denmark, United Kingdom and Gibraltar. Operations vary from spa resorts and residential communities to hotels and yacht hotels, restaurants, and catering operations in the best locations.
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