Baseload Capital announces conditional early redemption of outstanding bonds with a total nominal amount of MSEK 500
Baseload Capital Sweden AB (publ) (“Baseload”) today announces that it has formally used its option to early voluntary redeem all its bonds with ISIN SE0011923267 (the “Bonds”).
In accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Bonds (the “Terms and Conditions”) Baseload has today formally exercised its option to, subject to the Financing Condition (as defined below), redeem in full all outstanding Bonds on 29 June 2022 (the “Redemption Date”). The Bonds will be redeemed at a redemption price of 100.00 per cent. of the nominal amount, together with accrued but unpaid interest to, and including, the Redemption Date (the “Redemption Price”).
The record date on which any holder must hold any Bond (a “Bondholder”) to be entitled to the Redemption Price is 21 June 2022 (the “Record Date”). In connection with the early redemption, the Bonds will be delisted from Nasdaq Stockholm.
Baseload’s obligation to redeem any of the Bonds on the Redemption Date is conditioned upon Baseload, prior to the Record Date, being satisfied that it will receive the necessary funds to redeem the Bonds in full (the “Financing Condition”).
Satisfaction, or waiver, of the Financing Condition will be confirmed to the Bondholders by way of press release at least one (1) business day prior to the Record Date (i.e. no later than 20 June 2022).
If the Financing Condition is not satisfied or waived on or prior to the Record Date, the Bonds will remain outstanding and interest will continue to accrue in accordance with the Terms and Conditions.
This disclosure contains information that Baseload Capital Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 31-05-2022 17:39 CET.
For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com
About Us
Baseload Capital is a specialized investment entity that funds the deployment of heat power worldwide. Our portfolio of companies in Iceland, Japan, Taiwan and the U.S. work with local communities and power companies to permit, build and commission heat power plants.
Heat power is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat. By applying innovative financing structures to help our local operators build and run the heat power plants, Baseload Capital can help nations quickly transition away from fossil fuels and toward energy independence. The result will lead to more resilient societies and a planet in balance.
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