Host Property initiates a written procedure to request amendments in respect of the terms and conditions of its listed bond loan due 2022


Host Property AB (publ) (the "Company") has instructed Nordic Trustee & Agency AB (the "Agent") to initiate a procedure in writing (the "Written Procedure") to request the bondholders' approval for amendments of the terms and conditions (the "Terms and Conditions") of the Company's outstanding SEK 500,000,000 senior secured and guaranteed floating rate bonds (ISIN: SE0013486057) (the "Bonds").

The proposed amendments to the Terms and Conditions include, amongst other things, amendments regarding the financial covenants and additional security. Please refer to the notice for written procedure dated 14 September 2020 (the "Notice for Written Procedure") for a more detailed description of all proposed amendments.

The Notice for Written Procedure is held available by the Agent on its web page, and is attached to this announcement. The Written Procedure is conducted in accordance with Clause 21 (Written Procedure) of the Terms and Conditions. The Issuer has appointed Nordea Bank Abp, filial i Norge to act as consent solicitation agent (the "Consent Solicitation Agent").

Important information regarding the voting fee and consent fee:

If the proposed amendments are approved, bondholders will receive a voting fee of 0.25 per cent of the nominal amount of each Bond for which such bondholder submits a valid vote prior to the voting deadline (equal to SEK 625 per Bond) in accordance with Notice for Written Procedure. Bondholders will be eligible to receive the voting fee whether voting for or against the proposed amendments to the Terms and Conditions. Bondholders that do not vote in respect of the proposed amendments to the Terms and Conditions by submission of a valid vote will not be eligible to receive the voting fee.

Furthermore, if the proposed amendments are approved all bondholders, either voting or not, will receive a consent fee of 0.75 per cent on the nominal amount of each Bond owned by such bondholder (equal to SEK 1,875 per Bond).

Please refer to the Notice for Written Procedure for full details regarding the Written Procedure, voting requirements, majority and quorum requirements, conditions for payment of the voting fee and the consent fee and important dates/timetable.

14 September 2020

For questions relating to the voting fee or the consent fee, please contact the Consent Solicitation Agent at the following e-mail address or telephone number:

Nordea Bank Abp, filial i Norge
Telephone: +45 61 61 29 96

Contact details regarding the Company:

Christian Fuhr
Telephone: +47 98 22 85 16

This is information that Host Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the Company's contact person set out above, at 12.00 on September 14, 2020.

Host Property AB - October 2020

Market update

Press release 25.09.2020

Host Property AB (publ) cancels the written procedure initiated on 14 September 2020



Invitation to 2Q2020 Results Presentation

Host Property AB - Invitation to 2Q2020 Results Presentation - Teleconference 31. August at 09:00

Press release 06.08.2020

Host Property AB - Hotel operation - Change of ownership

Quarterly report


Aktieägarna i Host Property AB (publ), 556987-4158 ("Bolaget") kallas härmed till årsstämma tisdagen den 30 juni 2020 kl. 10.00 på Advokatfirman Lindahls kontor på Studentgatan 6 i Malmö.

Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Sturegatan 32
114 36 Stockholm

08-692 21 90

Om beQuoted