Pörssitiedotteet | Sunborn Finance Oyj

Sunborn Finance Oyj Successfully Completes Redemption of Bonds – Strengthening Financial Position for Future Growth (ISIN FI4000292750)28.2.2025 14:08:44 EET | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj is pleased to announce the successful completion of the redemption of its EUR 50,000,000 senior secured bonds (ISIN FI4000292750), marking a significant milestone in the company’s financial strategy. This achievement reflects Sunborn’s commitment to financial stability, sustainable growth, and long-term value creation. "We are delighted to have successfully completed the redemption of our bonds, a step that reinforces our financial resilience and strengthens our platform for future expansion. The outcome is particularly positive given the recent challenges in the commercial real estate and hospitality environment," said Hans Niemi, CEO of Sunborn Finance Oyj. "This achievement underscores the trust and support of our investors and new financiers, and we remain committed to delivering sustainable returns and value across our operations." This strategic financial step provides Sunborn Finance Oyj and Sunborn Saga Oy with enhanced flexibility to pursue new opportunitie

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Sunborn Finance Oyj to redeem its outstanding EUR 50,000,000 senior secured bonds with ISIN FI400029275021.2.2025 15:53:05 EET | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") hereby announces that its EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") will be redeemed in advance in accordance with clause 9.4 (Mandatory redemption in connection with conversion) of the terms and conditions of the Bonds. The redemption date will be 28 February 2025 (the "Redemption Date") and, thus, the record date for the redemption and the write-down to be 27 February 2025 (the "Record Date"). As agreed with the bondholders pursuant to the written procedure that was concluded on 6 November 2024, the redemption involves a write-down of the Bonds to an amount equal to eighty-five (85) per cent of the Total Nominal Amount less the amount being converted into shares in Sunborn International Holding Oy, and the write-down will be made on a pro rata basis. The following calculations for redemption will apply. The nominal amount of Bonds subject to conversion is EUR 3,760,000. Hence, the outstanding nominal amount less the B

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Sunborn Finance Oyj – Adjusted coupon payment4.12.2024 15:34:24 EET | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") has instructed the paying agent for the Company's EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") to make the adjusted coupon payment of EUR 2,000,000 (the "Payment"), as set out in the written procedure which was confirmed to be completed and approved by the bondholders on 6 November 2024 (the "Written Procedure"). The Payment shall be distributed by the Agent on the 9th of December 2024. The Payment shall be made to the bondholders (regardless if such bondholder has participated in the Written Procedure or voted for or against the request). The Payment shall be made to the bondholders on a pro rata basis. The payment shall be made through the CSD to such person who is registered as a bondholder on the 6 December 2024, which shall be the record date for the Payment. For further information, please contact: Hans Niemi, CEO Telephone: Finland +358 followed by 2445 4514 Email: hans.niemi@sunborn.com This information is informat

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Sunborn Finance Oyj – Approval of written procedure and amendments to the terms and conditions of the bonds6.11.2024 15:51:34 EET | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

ISIN FI4000292750 – Sunborn Finance Oyj EUR 50,000,000 Senior Secured Callable Floating Rate Bonds 2018/2024

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Sunborn Finance Oyj - Initiates second conversion period4.11.2024 15:25:17 EET | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

For a detailed background, reference is made to the notice of written procedure dated 11 October 2024 (the “Written Procedure Notice”) in relation to Sunborn Finance Oyj (the "Issuer") up to EUR 50,000,000 Senior Secured Callable Floating Rate Bonds 2018/2024 with ISIN: FI4000292750 (the “Bonds”). The issuer has previously completed a conversion period in which bondholders have undertaken to convert Bonds into Sunborn International Holding ("SBIH") Shares for a total amount of EUR 3,760,000. As foreseen in the Written Procedure Notice, the issuer has now elected to initiate a second conversion period, in which the bondholders will be offered to convert up to EUR 3,900,000 into SBIH Shares (the "Second Conversion"). To participate in the Second Conversion, please sign the Conversion Undertaking in accordance with the terms set out therein and send to investors@sunborn.com no later than 18 November 2024. For further information, please contact: Hans Niemi, CEO Telephone: Finland +358 fol

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Correction: Sunborn Finance Oyj - Initiates a written procedure11.10.2024 13:01:05 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") has instructed the agent for the Company's EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of the proposal therein, which entails certain amendments to the terms and conditions as set out in the attached notice of written procedure, including among other things (i) an extension of the final maturity date from 13 May 2024 to 28 February 2025, (ii) a removal of the ten (10) per cent. premium payable by the Company on the final maturity date, (iii) an offer to the bondholders to convert up to EUR 7,660,000 (such amount to reduce the into shares in Sunborn International Holding Oy ("SBIH"), (iv) a right and obligation for the Company to redeem an amount equal to eighty-five (85) per cent. of the total nominal amount of Bonds outstanding less the amount being converted into shares in SBIH, (v) an adjusted coupon payment for accrued but unpaid interest for

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Sunborn Finance Oyj - Initiates a written procedure11.10.2024 12:01:38 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") has instructed the agent for the Company's EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of the proposal therein, which entails certain amendments to the terms and conditions as set out in the attached notice of written procedure, including among other things (i) an extension of the final maturity date from 13 May 2024 to 28 February 2025, (ii) a removal of the ten (10) per cent. premium payable by the Company on the final maturity date, (iii) an offer to the bondholders to convert up to EUR 7,660,000 (such amount to reduce the into shares in Sunborn International Holding Oy ("SBIH"), (iv) a right and obligation for the Company to redeem an amount equal to eighty-five (85) per cent. of the total nominal amount of Bonds outstanding less the amount being converted into shares in SBIH, (v) an adjusted coupon payment for accrued but unpaid interest for

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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

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Sunborn Finance Oyj – Withdrawal of ongoing written procedure5.6.2024 14:30:54 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj – Withdrawal of ongoing written procedure On 13 May 2024, Sunborn Finance Oyj (the "Company") initiated a written procedure under its EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") requesting the bondholders to vote in favour of certain amendments and waivers of the terms and conditions of the Bonds, as further set out in the notice of written procedure available on the Company's website (www.sunborn.com/press) and on Stamdata (www.stamdata.com) (the "Written Procedure"). The deadline for the Written Procedure is 3.00 p.m. (EEST) on 7 June 2024. The Company hereby announces the withdrawal of the Written Procedure due to ongoing discussions with bondholders. A new written procedure will follow in due course. For further information, please contact: Hans Niemi, CEO Telephone: Finland +358 followed by 2445 4514 Email: hans.niemi@sunborn.com This information is information that Sunborn Finance Oyj is obliged to make public pursuant to the EU Ma

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Sunborn Finance Oyj - Entry into standstill agreement14.5.2024 08:21:14 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") is informing that it has entered into a standstill agreement relating to its EUR 50,000,000 senior secured bond loan (the "Bond"). The Company is discussing with the bondholders to achieve a viable long-term solution. For further information, please contact: Hans Niemi, CEO Telephone: Finland +358 followed by 2445 4514 Email: hans.niemi@sunborn.com This information is information that Sunborn Finance 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 8:20 EEST on 14 May 2024.

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Correction: Sunborn Finance Oyj - Updated initiation of a written procedure13.5.2024 15:19:50 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") has instructed the agent for the Company's EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of certain amendments and waivers of the terms and conditions of the Bonds as set out in the attached notice of written procedure, including among other things a waiver of a non-payment default, an extension of the tenor of the Bonds, and waiving the listing requirement. The Company's intention was to initiate the written procedure last Friday, being 10 May 2024. Due to discussions with Bondholders, the deadline for sending out the written procedure on 10 May 2024 could not be met. The agent will send the notice of written procedure to all bondholders on the date hereof. The record date for being eligible to vote in the written procedure is 17 May 2024 and the deadline for voting is 3.00 p.m. (EEST) on 7 June 2024. The written procedure may, however, be conclud

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Sunborn Finance Oyj - Updated initiation of a written procedure13.5.2024 15:00:42 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") has instructed the agent for the Company's EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of certain amendments and waivers of the terms and conditions of the Bonds as set out in the attached notice of written procedure, including among other things a waiver of a non-payment default, an extension of the tenor of the Bonds, and waiving the listing requirement. The Company's intention was to initiate the written procedure last Friday, being 10 May 2024. Due to discussions with Bondholders, the deadline for sending out the written procedure on 10 May 2024 could not be met. The agent will send the notice of written procedure to all bondholders on the date hereof. The record date for being eligible to vote in the written procedure is 17 May 2024 and the deadline for voting is 3.00 p.m. (EEST) on 7 June 2024. The written procedure may, however, be conclud

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Sunborn Finance Oyj - Initiates a written procedure10.5.2024 12:30:01 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") has instructed the agent for the Company's EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of certain amendments and waivers of the terms and conditions of the Bonds as set out in the attached notice of written procedure, including among other things a waiver of a non-payment default, an extension of the tenor of the Bonds, waiving the listing requirement and consenting to certain reorganisational changes to the overall group. The agent will send the notice of written procedure to all bondholders on 10 May 2024. The record date for being eligible to vote in the written procedure is 16 May 2024 and the deadline for voting is 3.00 p.m. (EEST) on 5 June 2024. The written procedure may, however, be concluded before the expiry of the voting deadline if a requisite majority has accepted the requests. The notice to the written procedure is available on the

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Sunborn Finance Oyj– Bond will not be redeemed at maturity8.5.2024 13:15:11 EEST | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") is informing that its EUR 50,000,000 senior secured bond (the “Bond”) (ISIN: FI4000292750) will not be redeemed at its final maturity date, being 13 May 2024. The Company is currently in the process of initiating a written procedure in accordance with the terms and conditions of the Bond where the Company will request that the bondholders (i) approve an extension of the Bonds and (ii) waive any default arising due to the Bond not being redeemed. Further, the Company is in far-progressed discussions with new finance providers with an aim to reduce the Bond debt. As a consequence of the contemplated written procedure regarding the extension not being completed by the final maturity date, the Bond will be delisted from Nasdaq Helsinki. For further information, please contact: Hans Niemi, CEO Telephone: Finland +358 followed by 2445 4514 Email: hans.niemi@sunborn.com This information is information that Sunborn Finance Oyj is obliged to make public pursu

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Sunborn Finance Oyj: TILINPÄÄTÖS 202330.4.2024 22:30:01 EEST | Sunborn Finance Oyj | Tilinpäätös ja toimintakertomus

Sunborn Finance Oyj: TILINPÄÄTÖS 2023 Sunborn Finance Oyj:n tilinpäätös 2023 on tämän julkaisun liitteenä ja julkaistaan yhtiön verkkosivuilla www.sunborn.com/press/. Tilinpäätös sisältää konsernitilinpäätöksen, emoyhtiön tilinpäätöksen ja toimintakertomuksen tilikaudelta 1.1. - 31.12.2023. Julkaistun Q4/2023 tilinpäätöstiedotteen ja tilinpäätöksen oikaisu Joukkovelkakirjalainan muutettuihin ehtoihin sisältyy eräpäivän nimellisarvosta 10 % maksettava takaisinmaksupreemio. Vaikka joukkovelkakirjalaina ja takaisinmaksupreemio eivät ole vielä erääntyneet, on takaisinmaksupreemio kirjattu lopulliseen vuositilinpäätökseen poiketen aiemmin julkaistusta Q4 tiedotteen tilinpäätöksestä. Rahoitusvelka oli virheellisesti MEUR 50.0. Takaisinmaksupreemio MEUR 5.0 kirjattiin rahoituskuluihin, minkä jälkeen velka on MEUR 55.0. Sunborn Finance Oyj Hallitus Yhteystiedot: Sunborn Group Toimitusjohtaja Hans Niemi, hans.niemi@sunborn.com Sunborn Group CFO Niina Stade, niina.stade@sunborn.com JAKELU: Nasda

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Sunborn Finance Oyj: FINANCIAL STATEMENTS 202330.4.2024 22:30:00 EEST | Sunborn Finance Oyj | Annual Financial Report

Sunborn Finance Oyj: FINANCIAL STATEMENTS 2023 Sunborn Finance Oyj’s Financial Statements for 2023 are attached to this release and have been published on the company’s website at www.sunborn.com/press/. The Financial Statements include the consolidated Financial Statements, the Financial Statements of the parent company and the Report of the Board of Directors for the period 1 January – 31 December 2023. Change of the published Q4 financial statements The amended terms and conditions of the bond include a repayment premium of 10 % of the nominal value at maturity. Although the bond and the repayment premium has not yet matured for payment, the repayment premium has recorded to final annual financial statements in contrast to the previously published Q4 financial statements. The financial debt was erroneously EUR 50.0 Million. The repayment premium was recorded in financial expenses EUR 5.0 Million, after which the debt is EUR 55.0 Million. Sunborn Finance Oyj Board of Directors For ad

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Sunborn Finance Oyj: Osavuosikatsaus 1.10. - 31.12.202329.2.2024 16:58:53 EET | Sunborn Finance Oyj | Puolivuosikatsaus

Tämä on Sunborn Finance Oyj:n osavuosikatsauksen Q4 2023 yhteenveto. Täydellinen raportti on tämän julkaisun liitteenä ja se julkaistaan myös yhtiön verkkosivuilla www.sunborn.com/press/ 1 000 EUR Q4/2023 Q4/2022 2023 2022 Liikevaihto 1 424 952 4 781 3 802 EBITDA 1 208 770 3 972 3 093 Liikevoitto -2 340 1 118 -208 2 875 Sijoituskiinteistöt (Kylpylähotellit) 58 876 62 195 Oma pääoma -1 107 2 562 Joukkovelkakirjalaina 49 965 50 212 Sunborn Finance Oyj:n taloudellinen katsaus ajalta 1.10. – 31.12.2023 Sunborn Financen liikevaihto 1,424 M€ koostuu operaattorin vuokratuotoista sekä muiden palvelujen tuotoista. Vuokratulot Q4 2023 kasvoivat 1,265 M€ (Q4 2022 0,884 M€) kattamaan rahoituskulujen kasvun. Muut tuotot liittyvät IT- ja kiinteistöpalvelutuottoihin. Kustannukset ovat samalla tasolla kuin edellisenä vuonna, mutta rahoituskustannukset ovat kasvaneet merkittävästi. Yhtiö on hakenut ja saanut kirjallisen menettelyn myötä hyväksynnän joukkovelkakirjalainan erääntymisen jatkamiseksi, jott

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Sunborn Finance Oyj: INTERIM REPORT FOR OCTOBER - DECEMBER 202329.2.2024 16:57:50 EET | Sunborn Finance Oyj | Half Year financial report

Sunborn Finance Oyj: INTERIM REPORT FOR OCTOBER - DECEMBER 2023 STOCK EXCHANGE RELEASE This is a summary of the Q4 2023 interim financial report. The complete report is attached to this release and is also available at www.sunborn.com/press/ EUR thousand Q4/2023 Q4/2022 2023 2022 Revenue 1 424 952 4 781 3 802 EBITDA 1 208 770 3 972 3 093 Operating profit -2 340 1 118 -208 2 875 Investment property (Spa hotels) 58 876 62 195 Equity -1 107 2 562 Bond 49 965 50 212 Sunborn Finance Oyj Financial summary 1 October – 31 December 2023 Sunborn Finance Oyj´s revenue 1.424 M€ consists of lease income from the operator and other services income. Lease income Q4 2023 increased to 1.265 M€ (Q4 2022: 0.884 M€) to support increase in borrowing costs. Other services income for Issuer refers to personnel costs for facility and IT services. Operational costs were in line with previous year, but interest expenses have increased significantly. The company has sought and received approval for a bond maturi

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Sunborn Finance Oyj– Approval of written procedure and amendments to the terms and conditions of the bonds7.2.2024 16:00:01 EET | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Sunborn Finance Oyj (the "Company") today announces the successful completion of the written procedure that was initiated 15 January 2024 in relation to the Company's outstanding EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds"), regarding certain amendments to the terms and conditions of the Bonds, including an extension to the maturity date of the Bonds to 13 May 2024 (the "Proposal"). A broad number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favor of approving the Proposal. The Company is extremely grateful for bondholders’ overwhelming support. The Company and the agent, among others, have entered into an amendment and restatement agreement, amending and restating the terms and conditions of the Bonds in accordance with the Proposal. DNB Markets, a part of DNB Bank ASA, Sweden Branch has been retained as consent solicitation agent in connection with the written procedure

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Sunborn Finance Oyj– Press release re initiating Written Procedure15.1.2024 12:16:09 EET | Sunborn Finance Oyj | Other information disclosed according to the rules of the Exchange

Press release, 15 January 2024 Sunborn Finance Oyj - Initiates a written procedure and publishes an investor presentation Sunborn Finance Oyj (the "Company") has instructed the agent for the Company's EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of certain amendments of the terms and conditions of the Bonds as set out in the attached notice of written procedure, including an extension of the tenor of the Bonds and certain amendments to the financial covenants. The agent will send the notice of written procedure to all bondholders on 15 January 2024. The record date for being eligible to vote in the written procedure is 19 January 2024 and the deadline for voting is 3.00 p.m. (EET) on 8 February 2024. The written procedure may, however, be concluded before the expiry of the voting deadline if a requisite majority has accepted the requests. The notice to the written procedure is avail

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