HL18 Property Portfolio AB (publ) receives approval from the bondholders in the written procedure for its outstanding bonds

On 16 October 2024, HL18 Property Portfolio AB (publ) (the "Issuer") initiated a written procedure (the "Written Procedure") under its existing senior secured floating rate bonds 2021/2024 with ISIN SE0017082779 (the "Bonds" and each holder of Bonds, a "Bondholder"). The Written Procedure was initiated for the purpose of requesting the Bondholders' approval of, inter alia, an extension of the maturity of the Bonds with three years, adjustment of the interest rate and amending the financial covenants under the Bonds, as further set out in the notice of Written Procedure, which is available on CSC (Sweden) AB's (the "Agent") website.

The Issuer today announces that Bondholders representing a requisite majority of the total Adjusted Nominal Amount (as defined in the notice of Written Procedure) has voted in favour of the Proposal (as defined in the notice of Written Procedure) and that the Proposal thus has been approved. Hence, the Written Procedure has accordingly been successfully concluded prior to the last day of voting under the Written Procedure in accordance with clause 18(d) of the terms and conditions for the Bonds.

Specifically, a sufficient number of votes were obtained in order to form a quorum and approximately 76.36 per cent. of the adjusted nominal amount of the Bonds, for which the Bondholders were voting, voted in favour of the Proposal.

For questions to the Agent regarding the administration of the Written Procedure, please contact the Agent at [email protected].

For further information, please contact:

Leif West, chair of the board
Tel: +46 704 129645

The information was submitted for publication, through the agency of the contact person set out above, at 2024-11-06 16.45 CET.