29 January 2025
To the holders of the (i) SEK 276,000,000 Floating Rate Additional Tier 1 Capital Notes issued by Klarna Bank AB (publ) with ISIN: SE0017767296 (SEK) issued March 2022 (the “2022 Notes”) and the (ii) SEK 500,000,000 Floating Rate Tier 2 Capital Notes issued by Klarna Holding AB (publ) with ISIN: SE0020182236 (SEK) issued May 2023 (the “2023 Notes”) and the (iii) SEK 1,500,000,000 Floating Rate Additional Tier 1 Capital Notes issued by Klarna Holding AB (publ) with ISIN: SE0021512290 (SEK) issued February 2024 (the “2024 Notes” and together with the 2022 Notes and the 2023 Notes, the “Notes”).
Reference is made to the Notes issued by the Klarna Bank AB (publ) and Klarna Holding AB (publ) (Klarna Bank AB (publ) together with Klarna Holding AB (publ), the “Issuers”) and the terms and conditions of the 2022 Notes (the “2022 Notes Terms and Conditions“), the terms and conditions of the 2023 Notes (the “2023 Notes Terms and Conditions“) and the terms and conditions of the 2024 Notes (the “2024 Notes Terms and Conditions” and together with the 2022 Terms and Conditions and the 2023 Terms and Conditions, the “Terms and Conditions“). All capitalised terms used herein and not otherwise defined in this notice shall have the meanings assigned to them in the relevant Terms and Conditions.
At the request of the Issuers, the Agent hereby initiates a Written Procedure, whereby the Noteholders can approve or reject a proposal from the Issuers regarding a consent and waiver in respect of the relevant Terms and Conditions in accordance with what is set out in this notice.
Please find attached the full notice and proposal from the Issuers.
Record date (for voting): 5 February 2025
Last day to vote: 12.00 CET on 17 February 2025
Early voting deadline: 12.00 CET on 10 February 2025
For further questions please see below.
To the Agent:
CSC (Sweden) AB (formerly Intertrust (Sweden) AB)