CLOSE

Notice of non-payment and stand still in Prime Living AB (publ)

4 July 2019

Prime Living AB (publ) has entered into a stand still agreement with Holders representing more than 50% of the holders.

The Issuer has not paid the interest that was due to be paid on 28 June 2019 pursuant to the Terms and Conditions. As communicated by the Issuer in a press release on 28 June 2019, the Issuer has entered into a standstill agreement with holders representing more than 50% of the Bonds. The purpose of the standstill agreement is to give the Issuer time to find a long term solution for its financial difficulties and the holders have undertaken not to terminate the Bonds or enforce the security during a standstill period that will last until 20 September 2019, unless something unexpected happens.

The following notice has been sent to the nominees and can be found here

The press release from the company can be found here.

Intertrust as Agent

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 services

Private 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 services

Capital 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 services

Private 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