SEM has reached an agreement in principle with certain bondholders regarding its outstanding bonds and initiates a written procedure to implement the agreement
As announced by Swedish Electromagnet Invest AB (publ) (the “Company” or “SEM”) in a press release dated 11 November 2022, SEM has negotiated a long-term solution for its financing with certain major holders (the “Ad-Hoc Bondholder Committee”) of the outstanding bonds 2018/2023 with ISIN SE0011167600 (the “Bonds”). The Ad-Hoc Bondholder Committee represents 50.6 per cent. of the adjusted nominal amount of the Bonds. SEM announces that the negotiations between SEM and the Ad-Hoc Bondholder Committee in relation to the Bonds have resulted in an agreement in principle regarding certain