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Windevo AB acquires windmill assets from bankruptcy estate of former Aligera Holding AB (publ) and appoints new CEO

Windevo AB (“Windevo”), (under name change from AGBH Invest AB) is a company being controlled by former holders of Aligera Holding AB (publ)’s (“Aligera”) SEK 500,000,000 senior secured green bonds 2014/2019 with ISIN SE0005933231(the “Bonds”). Windevo has, through a series of exchanges of instruments described in summary below, acquired e.g. the windmill assets from the Aligera bankruptcy estate. Following the restructuring, Windevo will continue to operate the assets and further develop the company’s footprint as operator of on-shore wind power plants in southern Sweden. Windevo’s

Aligera Holding AB (publ): Closing date for the restructuring and allocation of instruments to the holders

Reference is made to the press release dated 14 May 2018 with notice of result from the written procedure (the “Written Procedure”) in relation to Aligera Holding AB (publ)’s (“Aligera”) SEK 500,000,000 senior secured green bonds 2014/2019 with ISIN SE0005933231 (the “Bonds”), where holders approved the proposed restructuring plan for Aligera’s assets (the “Restructuring”). Any capitalised term used but not defined herein shall have the meaning given to it in the terms and conditions for the Bonds or in the notice of the Written Procedure dated 13 April 2018 (the “Written Procedure Notice”).

Notice of written procedure - Aligera Holding AB (publ)

Reference is made to the SEK 500,000,000 senior secured green bonds 2014/2019 with ISIN SE0005933231, issued by Aligera Holding AB (publ) (“Aligera”) on 7 May 2014 (the “Bonds”) and the terms and conditions for the Bonds (the “Terms and Conditions”). Any capitalised term used but not defined herein shall have the meaning given to it in the Terms and Conditions. At the request of Bondholders representing over 61 per cent. of the Total Nominal Amount of the Bonds, the Agent of the bondholders has today summoned a Written Procedure (a written procedure for decision-making by the Bondholders

Proposed restructuring of the Aligera Holding AB (publ) group: status update

Reference is made to the press releases published on the initiative of a group of the larger holders[1] (the “Bondholder Committee”) of the SEK 500,000,000 senior secured bonds (ISIN SE0005933231) (the “Existing Bonds”) issued by Aligera Holding AB (publ) (the “Company” and the bankruptcy estate of the Company, the “Estate”), via Nordic Trustee & Agency AB (publ), the agent under the terms and conditions of the Bonds (the “Agent”), on 8 and 16 February 2018, in relation to the Restructuring (as defined in the previous press releases). Any terms used but not defined herein shall have the

Proposed restructuring of Aligera Holding AB (publ): status update

On 29 January 2018, Aligera Holding AB (publ) (the “Company”) announced that the Company had been declared bankrupt and on 26 January 2018, the Company announced, inter alia, the main principles for a proposed restructuring plan agreed on between a group of the larger holders (the “Bondholder Committee”) of the Company’s SEK 500,000,000 senior secured bonds (ISIN SE0005933231) (the “Bonds”).Since the press release on 26 January 2018, the Bondholder Committee has been working intensely in close cooperation with Nordic Trustee & Agency AB (publ), the agent under the terms and conditions of

Nordic Credit Rating appoints Gustav Liedgren as CEO

Oslo 16. October – Nordic Credit Rating announced today that its Board of Directors has appointed Gustav Liedgren to the position as CEO of the company.Nordic Credit Rating AS is a newly established Nordic rating agency which will provide credit ratings and financial analysis to the Nordic mid-market of financial institutions and corporates. Nordic Credit Rating is mainly owned by Nordic banks and insurance companies and will have offices in Oslo and Stockholm.Gustav Liedgren served previously as Lead Analyst at S&P Global Ratings where he has worked since 2010. Prior to that he worked

Altor to acquire Nordic Trustee

Nordic Trustee Holding ASA (“Nordic Trustee”), a leading provider of trustee services in the Nordic bond market, is to be acquired by Altor Fund IV (“Altor”). Altor acquires the company from a group of Nordic financial institutions, including DNB, Nordea, KLP, Storebrand, Skagen and Pareto, as well as other financial investors and fund management companies. The sale and purchase agreement was signed on June 21, 2017.Nordic Trustee has since it was founded in 1993 played an integral part in the development of the Norwegian and Nordic bond market, facilitating access to capital by providing

New Nordic rating credit agency has been established

Nordic Trustee has in cooperation with other Nordic market participants established Nordic Credit RatingIn the press release of 23 February we announced that a new Nordic credit rating agency was being set up. The background was that ESMA – the European Union's surveillance authority for the securities market - considered that the Nordic model of lighter ratings, also known as “shadow ratings”, previously offered by Nordic investments banks, should only be allowed to be provided by licensed entities. This created a need for the establishment of a regulated Nordic credit rating agency in

Nordic rating agency being established

The use of credit rating have become increasingly more essential for the securities markets in recent years, also with respect to regulations of the financial sector. Rating is usually an independent evaluation of the credit risk  of an issuer of bonds, where the credit risk is valued on a predefined scale. The rating is set by a rating agency, of which the best known are the three major international rating agencies (S & P, Moodys and Fitch). However, in recent years several local rating agencies have been established in Europe. In the Nordic

Nordic Trustee & Agency AB (publ): Request for consent - Bergteamet AB (publ) SEK 200,000,000 Senior Secured Callable Zero Interest Bonds 2015/2020

Nordic Trustee & Agency AB (publ) acts as agent (the "Agent") for the holders of the bonds (the "Holders") in the above mentioned bond issue ISIN SE0006886883 (with an aggregated outstanding amount of SEK 200,000,000) (the "Bonds") issued by Bergteamet AB (publ) (the "Issuer"). The Issuer initiated a written procedure on 16 November 2016. On the expiry of the stipulated timeperiod for Holders to reply to the request, Holders representing at least 20% of the adjusted nominal amount had not replied to the request and therefore a quorum for the written procedure did not exist. The Issuer

Nordic Trustee & Agency AB (publ): Request for consent - Bergteamet AB (publ) SEK 200,000,000 Senior Secured Callable Zero Interest Bonds 2015/2020

Nordic Trustee & Agency AB (publ) acts as agent (the "Agent") for the holders of the bonds (the "Holders") in the above mentioned bond issue ISIN SE0006886883 (with an aggregated outstanding amount of SEK 200,000,000) (the "Bonds") issued by Bergteamet AB (publ) (the "Issuer"). In its capacity as Agent, and as requested by the Issuer as of the date hereof, the Agent hereby initiates a procedure in writing, whereby Holders can vote for or against the Issuer’s request for Consents (as defined in the notice of written procedure) regarding certain amendments of the contract note and the terms

Nordic Trustee appoints new CEO in Sweden

Nordic Trustee has appointed Christoffer Andersson as new CEO for its Swedish practice. He will join Nordic Trustee during second quarter and will then replace Jo Forfang, Group General Counsel, who has acted as interim CEO in Sweden since November last year.Christoffer has vast experience from working as a banking and finance lawyer. He currently works as legal counsel at Swedbank, Large Corporates & Institutions, and prior to that he worked for several years as lawyer at the leading law firms Roschier and Mannheimer Swartling. ”I am happy that we have managed to recruit Christoffer to

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