25 September 2024
To the Bondholders in the Secured Floating Rate Bonds, with SEK ISIN: SE0019175068 and EUR ISIN: SE0019175266 (the “Bonds”), issued by Recap Green Bond I AB (the “Issuer”).
The Agent hereby gives notice to all bondholders of the occurrence of an Event of Default.
Reference is made to the Bonds issued by the Issuer on 22 December 2022, governed by the terms and conditions dated 21 December 2022 (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 relevant Interest Payment Date for the preceding Interest Period, occurred on 22 September 2024. As of the date of this notice, no Interest payment has been made, which, pursuant to Clause 14.1 (a) (Non-payment) of the Terms and Conditions, constitutes an Event of Default. Pursuant to Clause 14.4 of the Terms and Conditions, 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.
The Agent has been informed, on 24 September 2024, that the Issuer has a proposal to address the Group’s capital structure. This proposal will be presented to the Bondholders through a Written Procedure.
Please find attached the full notice.
For questions in relation to this notice, please contact the Agent at trustee@intertrustgroup.com.
Yours faithfully,
CSC (Sweden) AB (formerly Intertrust (Sweden) AB), the Agent