Baseload Capital seeks approval from bondholders regarding certain amendments to the terms and conditions of its MSEK 500 senior secured green bonds

2020-02-17 02:02:00

Baseload has requested that Nordic Trustee & Agency AB (publ), acting in its capacity as agent (the “Agent”) for the Bondholders, initiates a written procedure in accordance with the terms and conditions of the Bonds. The purpose of the written procedure is for the Bondholders to grant consent to certain amendments to the terms and conditions of the Bonds (the “Requests”). The overall objective of the amendments proposed herein is to, along with a convertible shareholder loan of SEK 94,200,000 granted to Baseload’s parent company Baseload Capital Holding AB on 17 February 2020, enable the Issuer and the Group to better facilitate execution of its current and future investments and projects as well as strengthen its financial position and generate profit. The proposed amendments can be found in the notice of written procedure (the “Notice”) which is available on the websites of Baseload (www.baseloadcap.com) and the Agent (www.nordictrustee.com and www.stamdata.com).

To be eligible to vote in the written procedure, a Bondholder must on 21 February 2020 be registered in the debt register (Sw. skuldbok) for the Bonds as a direct registered owner (Sw. direktregistrerad ägare) or as an authorised nominee (Sw. förvaltare) with respect to one or several Bonds. The Agent must receive a duly completed voting form no later than 15.00 (CET) on 12 March 2020. The written procedure may be completed in advance if a sufficient quorum and majority of consents to the Requests have been received before 12 March 2020.

Provided that all Requests are approved by a sufficient quorum and majority, each Bondholder will, subject to the terms and conditions specified in the Notice, obtain a consent fee, which will be an amount equal to 0.5 per cent. of the nominal amount of each Bond held by the relevant Bondholder.

Baseload expects to announce the result of the written procedure no later than 12 March 2020. Following such announcement, a notice of the outcome of the written procedure will also be published on the websites of Baseload and of the Agent.

For further details regarding the written procedure, please refer to the Notice.

For further information, please contact:
Alexander Helling, CEO, +46 73 772 4020, alexander.helling@baseloadcap.com
Johan Edin, CFO, +46 76 466 6921, johan.edin@baseloadcap.com

About Baseload Capital:
Baseload
 Capital is a specialized investment entity investing in geothermal heat power. Baseload works globally with the aim to give Heat Power Operators the financial tools to build and operate renewable heat power plants.