Baseload Capital Sweden AB (publ) (“Baseload”) today announces that it is, through a written procedure, soliciting approval from holders of its bonds (the “Bondholders”) with ISIN SE0011923267 (the “Bonds”) to make certain amendments to the terms and conditions of the Bonds.
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 “Request”). The overall objective of the amendments proposed is to facilitate the Issuer’s contemplated refinancing of the Bonds by way of (i) reducing the amount to be paid upon an early voluntary redemption of the Bonds with the effect that the Bonds may be redeemed at an amount per Bond equal to 100.00 per cent. of the Nominal Amount together with accrued but unpaid Interest, (ii) allowing for certain new loans to be provided by Baseload’s parent company Baseload Capital Holding AB (the “Parent”) to Baseload in connection with a total redemption of the Bonds without being subject to transaction security, consequently allowing for the Parent to downstream unencumbered funds required to finance the early voluntary redemption of the Bonds and (iii) removing the requirement to hold refinancing debt (being the loans from the Parent to Baseload) on an escrow account, which will keep down legal costs and ease the administration in connection with the effectuation of the early voluntary redemption of the Bonds. 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 20 April 2022 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 10 May 2022. The written procedure may be completed in advance if a sufficient quorum and majority of consents to the Request has been received before 10 May 2022.
Baseload expects to announce the result of the written procedure no later than 10 May 2022. 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.
The consent to the Request will laps if a total redemption of the Bonds has not occurred on or before 30 June 2022.
For further details regarding the written procedure, please refer to the Notice.
This disclosure contains information that Baseload Capital Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 12-04-2022 17:30 CET.
For more information, please contact:
Alexander Helling CEO of Baseload Capital