Scandinavian Biogas initiates a written procedure
Scandinavian Biogas Fuels International AB (publ) (the "Issuer") intend to instruct the agent for the Company's up to SEK 300,000 million senior secured bonds with ISIN SE0007784111 (the "Bonds") to initiate a written procedure requesting that the bondholders waive its maintenance covenant under the terms and conditions for the Bonds for the test periods ending on 31 March 2019 respectively 30 June 2019. The Issuer has during 2018 reported deteriorating earnings during the past quarters, which is mainly derived by increased operational and maintenance costs at Södertörn, legal expenses