AEROF Sweden Bondco AB (publ) announces expected financial covenant breaches as at 31 December 2024
AEROF Sweden Bondco AB (publ) (the "Company") announces expected breaches of the net interest bearing debt to net value test, and the equity to bonds outstanding test in respect of its bonds with ISIN SE0015483151 (the "Bonds") as at the reference date falling on 31 December 2024. The breaches primarily result from further declines in the end-of-year asset valuations of the Company’s group.
The Company expects to engage with holders of the Bonds in early 2025 to discuss a satisfactory resolution to the breaches and a long-term solution.
Meanwhile, the Company and its group continue to be engaged in active sales processes in relation to the remaining assets.
For further information, please contact:
Paolo Alonzi
Head of Structuring & Operational Strategy – Alternatives
T: +44 (0)7385 009727
Or
Jason Baggaley
Deputy Head of Real Estate Value Add Funds
T: +44 (0)7801 039463
Important information:
This information is information that AEROF Sweden Bondco AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information submitted for publication through the agency of the contact person set out above, at 09:00 CET 23 December 2024.