CLOSE

Featured events

Events | Virtual

Bankruptcy and Restructuring: Navigating Distress in the Evolving Markets

22 Jun 2023

Learn more >

Events | Virtual

Private Funds Industry Live, Expanding Private Funds in Global Markets

10 Jan 2023

Watch the recording >

Events | Virtual

Private Funds Industry Live, Demystifying Private Capital Funds

6 Dec 2022

Watch the recording >
Show all events >
CLOSE

Notice of written procedure for senior secured bonds issued by Blåfjell AS

7 October 2019

Intertrust (Norway) AS (the “Trustee”) acting in its capacity as trustee for the bondholders under the terms and conditions for the bonds, has at the request of the Issuer on 7 October 2019 initiated a written procedure by which bondholders can vote for or against the Issuer’s request to waive the next two instalments on the bonds, which fall due on 9 November 2019 and 9 February 2020 in accordance with cl. 12.1.1.

The bondholders are hereby asked to approve or reject the proposal from the Issuer, implying that the bondholders approve that the Issuer will not be able to pay the next two instalments on the bond, which fall due 9 November 2019 and 9 February 2020, meaning that these instalments will be deferred to the principal maturity in November 2020. For a further description of the proposal see the full notice which can be downloaded as per below.

 Blåfjell AS – Notice of Written Procedure

Pursuant to cl. 19.10 of the terms and conditions, a quorum in respect of the written procedure will only exist if  bondholders representing at least fifty (50) per cent of the adjusted nominal amount reply to the Request. 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 the written procedure must consent to the Request in order for it to be approved.  

The Agent must have received the votes no later than by 12.00 (CET) on 23 October 2019.

 

For further information, please contact:

To the Trustee:

Intertrust (Norway) AS, Peter Drachmann,

[email protected]+47 400 22 444

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 Clients

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 client services