11 December 2023
To the Bondholders in:
ISIN: SE0016049043 and SE0016074058 – Mathesa Investments AB (publ) (the “Issuer”) up to SEK 750,000,000 (or its equivalent in EUR) Senior Secured Fixed Rate Bonds 2021/2025 (the “Bonds”)
Reference is made to the Issuer’s up to maximum of equivalent to SEK 750,000,000 (or its equivalent in EUR) senior secured fixed rate bonds 2021/2025, governed by the terms and conditions dated 4 June 2021 (as amended and restated from time to time) (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 Terms and Conditions.
The Agent has been informed by the Issuer that the Interest payment due on 11 December 2023 has not been paid. Should the non-payment not be remedied within five (5) Business Days of the relevant Interest Payment Date, the non-payment will constitute a continuing Event of Default.
The Agent hereby gives notice to all Bondholders of the Issuer’s outstanding Bonds of the Issuer’s non-payment of Interest pursuant to Clause 8 (Interest) of the Terms and Conditions. Pursuant to Clause 14.10(c) (Acceleration of the Bonds), the Agent shall notify the Bondholders of an Event of Default within five (5) Business Days of the date on which the Agent received actual knowledge of that an Event of Default has occurred and is continuing.
Furthermore, the Agent was also informed by the Issuer that a written procedure is underway in order to remedy the non-payment of Interest described above. The written procedure, which is subject to the Bondholders’ approval in accordance with the Terms and Conditions, will outline a proposal for how to handle the Issuer’s current financial situation going forward. Therefore, the Agent has decided not to initiate a process regarding an acceleration of the Bonds at this time. However, should the Agent receive a demand in writing from a Bondholder (or Bondholders) representing at least 50 per cent. of the Adjusted Nominal Amount, the Agent shall pursuant to Clause 14.10(a) (i) declare all, but not some only, of the outstanding Bonds due and payable together with any other amounts payable under the Finance Documents, immediately or at such later date as the Agent determines, and (ii) exercise any or all of its rights, remedies, powers and discretions under the Finance Documents.
For questions in relation to this notice, please contact the Agent at trustee@intertrustgroup.com.
Yours faithfully,
Intertrust (Sweden) AB, the Agent
The full version of this notice can be found here.