AEROF Sweden Bondco AB (publ) – Approval of written procedure and amendments to the terms and conditions of the bonds
AEROF Sweden Bondco AB (publ) (the "Company") today announces the successful completion of the written procedure that was initiated 19 May 2025 in relation to the Company's outstanding up to EUR 100,000,000 senior unsecured bonds with ISIN SE0015483151 (the "Bonds"), regarding certain amendments and waiver to the terms and conditions of the Bonds (the proposals).
The proposed waivers and amendments included among other things (i) a waiver in relation to any event of default which has or will occur as a result of the publication of the Company's audited unconsolidated financial statements for the financial year ending on 31 December 2024 being delayed for a waiver period ending on 30 June 2025, (ii) extending the final maturity date of the Bonds to 24 July 2025, (iii) amending the "Fund Termination Event" definition of the terms and conditions of the Bonds so that initiating the process of liquidating the Fund is excluded and (iv) amending the "Change of Control Event" definition in the terms and conditions of the Bonds to exclude the appointment of a liquidator, each of which is further described in the notice to the written procedure (the "Proposal").
A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour to approve the Proposal.
The waivers shall become effective as of the date hereof. The amendments shall become effective when the Company and the agent enters into an amendment and restatement agreement, amending and restating the terms and conditions of the Bonds substantially in the form set out in schedule 3 of the notice of written procedure.
For additional information, please contact:
Jason Baggaley
Deputy Head of Real Estate Value Add Funds
T: +44 (0)7801 039463