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Notice for written procedure for senior secured bonds issued by Oslo House Invest AS

7 April 2020

To the holders of senior secured fixed rate bonds due 21 December 2020 with ISIN NO 001 081233,2 (the “Bonds”) issued by Oslo House Invest AS (the “Issuer”) on 21 December 2017.

Capitalized terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions relating to the Bonds dated 21 December 2017 (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 (as defined in the full notice which can be downloaded as per below) from the Issuer. 

Notice for written procedure

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 votes not later than by 18:00 (CET) on 24 April 2020.

 

For further information, please contact:

 

For the Issuer:

Oslo House Invest AS,

Thomas Berg-Nielsen, [email protected], +47 90 68 72 67

 

For the Trustee: 

Intertrust (Norway) AS

Andreas W. Hennyng, [email protected], +47 97 18 71 51

Eleonore Foss, [email protected] +47 95 81 45 13

 

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