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

28 January 2020

To the holders of senior secured fixed rate bonds with ISIN NO 001 08980.9 (the “Bonds”) issued by Blåfjell AS (the “Isser”) on 9 November 2017.

Intertrust (Norway) AS (the “Trustee”) is acting as Trustee on behalf of the Bondholders under the Terms and Conditions.

Pursuant to cl. 19.2, the Trustee has received a request from the Issuer to arrange for the Bondholders to decide whether to accept or reject a proposal from the Issuer (the “Proposal”), to waive the next interest payment which falls due 9 February 2020. This means that the interest payment will be deferred to the principal maturity in November 2020.

For the full content of the proposal, please see the full notice which can be downloaded as per below.

Notice of Written Procedure

Pursuant to cl. 19.10, 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 request.

Pursuant to cl. 19.8 at least sixty six and two thirds (2/3) per cent. of the Adjusted Nominal Amount for which Bondholders reply in a Written Procedure must consent t to the Proposal in order for it to be approved.

The Trustee must have received the votes no later than by 12.00 (CET) on 20 February 2020.

 

For further questions please contact:

Peter Drachmann, Intertrust (Norway) AS

[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