Bahamas 
Brazil 
BVI 
Canada 
Cayman Islands 
Curaçao 
USA 
Australia 
China 
Hong Kong 
India 
Japan 
New Zealand 
Singapore 
Belgium 
Cyprus 
Denmark 
Finland 
Germany 
Guernsey 
Ireland 
Italy 
Jersey 
Luxembourg 
Norway 
Spain 
Sweden 
Switzerland 
The Netherlands 
UAE 
UK To holders of the up to DKK 100,000,000 Senior Secured Fixed Rate Bonds due 2022 with ISIN SE0013486024 and SE0013486032 (the “Bonds”) issued by CPHI-Holding A/S (the “Issuer”) on 21 February 2020.
The Agent has been informed that the Issuer has failed to pay the Interest due 21 May 2020. The failure is related to that the Issuer’s bank accounts registered with Euroclear are blocked which makes it impossible for Euroclear to swipe the Interest from the accounts.
The Issuer has informed the Agent that the process of opening new bank accounts to register with Euroclear is ongoing and shall be completed within short. As soon as the new bank accounts are up, the Issuer will pay the Interest including stipulated default interest. It should be noted that the Interest is on a blocked account and it is only an administrative process to open up new accounts.
The non-payment of the Interest constitutes an Event of Default and the Issuer has not been able to remedy it within five Business Days of the due date. The Agent shall, within twenty Business Days of the date on which the Agent received actual knowledge of that an Event of Default has occurred and is continuing, decide if the Bonds shall be accelerated. If the Agent decides not to accelerate the Bonds, the Agent shall promptly seek instructions form the bondholders in accordance with clause 16 of the Terms and Conditions (Decisions by Bondholders).
As the Issuer is currently working on opening new bank accounts to enable the Interest Payment, the Agent has decided to temporarily not take any further actions. Any request from Bondholders representing at least ten (10) per cent of the Adjusted Nominal Amount will be dealt by way of a written procedure.
As soon as we receive more information on the interest payment date, we will communicate to the bondholders.
Please find the full notice here.
If you have any questions, please do not hesitate to contact the Agent.
The Agent:
Intertrust (Sweden) AB
Beatrice Gustafsson
Email: [email protected]
Tel: +46 70 141 10 82
Our services
Corporate Client Services
Operating internationally can be challenging. You need a partner who understands local rules, culture and customs and how they affect legal and regulatory requirements. That’s where we come in.
Can't find what you're looking for?
View all corporate client servicesPrivate Capital & Hedge Funds Services
We differentiate our global leading fund services through our geographical spread, domain strength, technology offering and depth of services.
Can't find what you're looking for?
View all private capital & hedge fund servicesCapital Markets
As capital markets evolve across the globe, you need a bespoke approach from a service provider with a genuine understanding of how markets are changing.
Can't find what you're looking for?
View all capital markets servicesPrivate Wealth
By understanding the importance of long-term relationships built around trust, we aim to truly understand your values. We’re your partner to help you protect, preserve and plan for the future.
Can't find what you're looking for?
View all private wealth services
