Axactor ASA: Result of bondholders meeting 31 August 2023
Reference is made to the summons to bondholders meeting dated 17 August 2023 in relation to Axactor's existing bond issue with ISIN NO0011093718 and to the stock exchange notices published 17 August 2023 and 24 August 2023 in this respect. Nordic Trustee AS has today informed Axactor ASA that the bondholders have adopted the proposal as described in the summons. The changes adopted to the bond terms are that the Interest Cover Ratio is reduced from minimum 4.0x to minimum 3.0x and that the Total Secured Loan to Value Ratio is reduced from maximum 65% to maximum 60%. As compensation, Axactor