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Notice of written procedure for senior secured callable floating rate bonds issued by GOLF HOTEL LÆSØ A/S (the “Issuer”)

28 June 2019

Intertrust (Sweden) AB (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 28 June 2019 initiated a written procedure by which Bondholders can approve or reject a proposal from the Issuer.

The Issuer will not be able to repay the Bond on its Final Maturity. They have signed a Letter of Intent with a prospective buyer and would like to have the summer to finalise the negotiations hence they would like to temporarily waive the Final Maturity and extend it with three months. This will extend the Final maturity until September 30 2019. Default interest will accrue in accordance with the Terms and conditions.

Pursuant to the terms and conditions, a quorum in respect of the written procedure will only exist if  bondholders representing at least twenty (50) per cent of the adjusted nominal amount reply to the Request. 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.  

Please find a letter (In Swedish) to Bondholders from the Issuer here

Please find the material for the NOK bonds here.

Please find material for the SEK bonds here.

The Trustee must have received the votes no later than by 12.00 (CET) on 21 August 2019.

Fur further information, please contact:

Intertrust (Sweden) AB

Contact: Kristofer Nivenius

Phone: +46 70 688 1910

Mail: [email protected]

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