SEM initiates a written procedure to request a two-month extension of the maturity date of its bonds
Swedish Electromagnet Invest AB (publ) (the “Company” or “SEM”) announces that the Company today has initiated a written procedure (the “Written Procedure”) among the holders of its outstanding bond loan 2018/2023 with ISIN SE0011167600 (the “Bonds”) to request the holders’ consent to extend the maturity of the Bonds with two months. As announced by SEM in a press release dated 11 November 2022, SEM has negotiated a long-term solution for its financing with certain major holders of the Bonds (representing 50.6 per cent. of the adjusted nominal amount of the Bonds) (the “Holders”). The