SEM initiates a written procedure to request a one-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 one month. The Company has together with certain major holders of the Bonds (representing 50.6 per cent. of the adjusted nominal amount of the Bonds), as announced by SEM in a press release dated 11 November 2022, for some time discussed a solution and the negotiations