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UK To the bondholders in senior secured bonds with ISIN NO 001 0865504 (NOK Bonds) and ISIN NO 001 0865470 (SEK Bonds) (the “Bonds”) issued by Filago Prosjekt Holding 1 AS (the “Issuer”) on 29 September 2019.
On 26 September 2019 it came to the Trustee’s attention that the Issuer has not fulfilled their obligations under the terms and conditions in order to secure that Intertrust will have first priority pledge in one of the three properties (the “Relevant Property”) at Tjøme. Promptly upon knowledge of this, and after discussion with our legal advisers, the Trustee took the necessary steps in order to have the first priority pledge in the Relevant Property on Tjøme registered. The pledge was registered on 27 September 2019. On 1 October 2019, commencement of bankruptcy proceedings was opened in the Issuer. The Trustee has received information from the administrator of the bankrupt that they will claim the registration of first priority pledge in the Relevant Property annulled.
For a detailed description of the described event, please see the full notice which can be downloaded as per below.
Filago Prosjekt Holding 1 AS – Notice to bondholders
For further information, please contact:
Peter Drachmann
Intertrust (Norway) AS
Mail: [email protected]
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