SEM will initiate a written procedure to request a two-month extension of the maturity date of its Bonds
SEM will initiate a written procedure to request a two-month extension of the maturity date of its Bonds. SEM is already in discussions with an Ad-Hoc Bondholder Committee in order to obtain a long-term solution for its financing. Certain preliminary figures for Q3 2022 are also announced.Swedish Electromagnet Invest AB (publ) (the “Company” or “SEM”) announces that the Company has initiated negotiations with certain major holders of the Company’s outstanding bond loan 2018/2022 with ISIN SE0011167600 (the “Bonds”) (representing 50.6 per cent. of the outstanding adjusted nominal amount of