Sunborn Finance Oyj – Company is engaged in constructive discussions with major bondholders20.6.2024 15:50:54 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange
Sunborn Finance Oyj (the "Company") acknowledges the Notice of Event of Default issued by Nordic Trustee Oy, the appointed bondholders' agent, concerning the repayment of up to EUR 50,000,000 in senior secured bonds (ISIN: FI4000292750) (the "Bonds"), which were due on 13 May 2024. The majority of bondholders have entered into standstill agreements to explore the possibility of extending the Final Maturity Date or finding another solution. Consequently, the agent has refrained from taking any actions under the Terms and Conditions concerning the outstanding Event of Default, pending the outcome of these negotiations. The Company is actively engaged in constructive negotiations with the bondholders' committee, representing the majority of bondholders. Strategic discussions are underway to achieve a satisfactory resolution within a reasonable timeframe, with concrete proposals already prepared and under consideration. While there can be no assurance regarding the outcome of these negotia