LEAX Group obtains bondholders’ approval to amend the terms and conditions of its senior unsecured bonds
On 15 June 2020, LEAX Group AB (publ) (the “Company”) initiated a procedure in writing (the “Written Procedure”) to seek bondholders’ approval to amend the terms and conditions of its outstanding senior unsecured bonds 2018/2022 with ISIN SE0011088954 (the “Bonds”). The Company now announces that the bondholders voted in favour of the proposed amendments.As further detailed in the notice of Written Procedure, the proposed amendments included (i) a financial covenant holiday, (ii) an increase of the current cap in respect of permitted investment loans and (iii) an additional 3 per cent.