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 to bondholders in senior secured bonds issued by Filago Prosjekt Holding 1 AS

28 February 2020

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.

Intertrust (Norway) AS (the “Trustee”) is acting as Trustee on behalf of the bondholders (the “Bondholders”) under the terms and conditions dated 29 September 2017 (the “Terms and Conditions”). 

Capitalized terms not defined herein shall have the same meaning as in the Terms and Conditions. 

The full notice can be downloaded as per below, and contains a Norwegian translation. In case of inconsistency between the Norwegian translation and the English text, the English text shall prevail.

Notice to bondholders

In accordance with the previous Notice to Bondholders issued 7 October 2019, the Issuer did not fulfill their obligations under the Terms and Conditions in order to secure that Intertrust would have the first priority pledge in one property at Tjøme (the “Relevant Property”). Further, the Trustee took the necessary steps in order to register the first priority pledge with the Norwegian Land Register, but the estate of bankruptcy informed the Trustee that the registration of the first priority pledge would be claimed annulled in accordance with the Creditors Security Act (Nw. Dekningsloven) section 5-7. 

The Trustee has done the necessary investigations in order to ensure that the administrator of the bankruptcy is entitled to raise such claim in accordance with the above-mentioned statutory basis.

On 6 February 2020, the Trustee received a letter from the estate of bankruptcy, instructing the Trustee to proceed with the necessary steps in order to annul the first priory pledge in the Relevant Property. The Trustee has acted in accordance with this and has now received a confirmation from the Norwegian Land Register stating that the first priority pledge in the Relevant Property has been annulled. 

 

For further information please contact:

 

Intertrust (Norway) AS as Trustee

Eleonore Foss

+47 958 14 513

[email protected]

 

Andreas W. Hennyng

+47 971 87 151

[email protected]

 

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