Notice for written procedure for senior secured bonds issued by Oliebladsgade 8 Holding ApS  

To the holders of senior secured fixed rate bonds due 4 July 2020 with ISIN NO0010826910 (NOK Bonds), SE0011415348 (SEK Bonds) and NO0010826928 (EUR Bonds) (collectively, the “Bonds”) issued by Oliebladsgade 8 Holding ApS (the “Issuer”) on 4 July 2018.

Capitalized terms not otherwise defined herein shall have the meaning given to them in the terms and conditions relating to the bonds dated 29 June 2018 (the “Terms and Conditions”). 

Intertrust (Norway) AS is acting as Trustee on behalf of the Bondholders under the Terms and Conditions.

At the request of the Issuer, the Trustee hereby initiates a Written Procedure whereby the Bondholders can approve or reject a Proposal from the Issuer. The Proposal and the background thereto is described in the full notice which can be downloaded as per below.

Notice for written procedure

In accordance with Clause 19 of the Terms and Conditions, this Notice is sent to the Bondholders in order for the Bondholders to consider the following proposal:

The Bondholders approve that accrued Interest on the Bonds due for payment on the Interest Payment Dates on 4 July 2020 and 4 October 2020 shall be paid the Bondholders on the date of redemption of the Bonds pursuant to Clause 12 (Redemption and repurchase of the Bonds) of the Terms and Conditions.

The Bondholders authorize and instruct the Trustee to take such steps on behalf of the Bondholders as may be necessary or desirable in connection with the implementation of the Proposal, including, but without limitation to (a) prepare, finalize and enter into the necessary agreements, and (b) for and on behalf of the Bondholders, take such further actions and negotiate, agree, enter into, sign and execute such agreements and documents that are required to complete and effect to the Proposal. 

Pursuant to Clause 19.10 of the Terms and Conditions, a quorum in respect of the Written Procedure will only exist if a Bondholder (or Bondholders) representing at least fifty (50) per cent of the Adjusted Nominal Amount reply to the Proposal.

Pursuant to Clause 19.8 of the Terms and Conditions, at least sixty six and two thirds (66 2/3) per cent of the Adjusted Nominal Amount for which Bondholders reply in a Written Procedure must consent to the Proposal in order for it to be approved. 

The Trustee must have received the voted no later than by 18:00 (CET) on 17 April 2020.

For further information, please contact:

Eleonore Foss

eleonore.foss@intertrustgroup.com

+47 958 14 513

Andreas W. Hennyng

andreas.w.hennyng@intertrustgroup.com

+47 971 87 151