Bahamas 
Brazil 
BVI 
Canada 
Cayman Islands 
Curaçao 
USA 
Australia 
China 
Hong Kong 
India 
Japan 
New Zealand 
Singapore 
Belgium 
Cyprus 
Denmark 
Finland 
France 
Germany 
Greece 
Guernsey 
Ireland 
Italy 
Jersey 
Luxembourg 
Norway 
Spain 
Sweden 
Switzerland 
The Netherlands 
UAE 
UK To the bondholders in senior secured bonds with ISIN NO 001 0865504 (NOK Bonds) and NO 001 0865470 (SEK Bonds) (the “Bonds”) issued by Filago Prosjekt Holding 1 AS (the “Issuer”) on 29 September 2017.
A Norwegian translation of the notice is included in the full notice which can be downloaded as per below. In case of any inconsistency between the Norwegian translation and the English text, the English text shall prevail.
Intertrust (Norway) AS (the “Trustee”) is acting as Trustee on behalf of the Bondholders under the terms and conditions relating to the Bonds dated 29 September 2017 (the “Terms and Conditions”)
Capitalised terms not defined herein shall have the same meaning as in the Terms and Conditions.
Information from Scandinavian Credit Fund 1 AB (publ) (“Kreditfonden”) in respect of the ongoing Written Procedure.
Reference is made to the ongoing Written Procedure initiated 23 March 2020 regarding a proposal from Kreditfonden (the “Proposal”), and the Notice to Bondholders dated 27 March 2020 regarding the assessment made by the Bondholders’ Committee (“BHC”) in respect of the Proposal.
Kreditfonden has requested the Trustee to forward a letter to the Bondholders regarding the Proposal (the “Letter”). The letter is included in the full noticed which can be downloaded in the link above.
In the Letter, Kreditfonden raises a question of why the BHC and the Trustee have not verified the information regarding the calculation of the demand of legal mortgage amounting to maximum NOK 5 200 000. The Trustee wants to clarify that this calculation is reflecting the calculation comunicated to the Trustee in the letter from the Administrator of the bankruptcy estate dated 1 November 2019 and as communicated to the Bondholders by Notice to Bondholders dated 4 November 2019, included in the full notice which can be downloaded in the link above. Neither the Trustee nor the BHC have executed an assessment of this calculation made by the Administrator of the bankruptcy estate.
For further information, please contact:
Eleonore Foss
Intertrust (Norway) AS
+47 958 14 513
Andreas W. Hennyng
Intertrust (Norway) AS
[email protected]tgorup.com
+47 971 87 151
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 servicesPrivate 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 servicesCapital 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 servicesPrivate Wealth
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 wealth services
