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Notice of Written Procedure for senior secured callable fixed rate bonds issued by Prime Living Campus Stockholm AB (publ)

28 February 2019

Intertrust (Sweden) AB (the “Agent”) acting in its capacity as agent for the bondholders under the terms and conditions for the bonds, has at the request of the Issuer on 28 February 2019 initiated a written procedure by which bondholders can approve or reject a proposal from the Issuer.

Pursuant to Clause 9.2 (Interest) of the Terms and Conditions, the Issuer shall make payment of Interest in respect of the Bonds to the Bondholders on each Interest Payment Date in respect of the preceding Interest Period. The next Interest Payment Date is 21 March 2019. The Issuer will not be in a position to meet its liquidity needs unless Interest to be paid on 21 March 2019 on the Bonds instead of being paid in cash is capitalised and added to the aggregate Nominal Amount of the Bonds on 21 March 2019. 

The Issuer requests that the Terms and Conditions are temporarily amended in order to cater for the capitalisation of interest in accordance with the foregoing and that Interest shall continue to accrue with the Interest Rate without any addition of any default interest pursuant to Clause 9.4 (Interest) of the Terms and Conditions

Please find the full notice here and the press release from the Issuer here.

Fur further information, please contact:

Intertrust (Sweden) AB

Contact: Beatrice Gustafsson

Phone: +46 70 141 10 82

Mail: [email protected]

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