Notice to bondholders in senior secured bonds issued by Inter Eiendom Finans AS

To the bondholders in senior secured bonds with ISIN NO 001 0838961 (the “Bonds”) issued by Inter Eiendom Finans AS (the “Issuer”) on 13 December 2018. 

A Norwegian translation will follow the English text in the full notice which can be downloaded as per below. In case of any inconsistency between the English text and the Norwegian translation, the English text shall prevail.

Notice to Bondholders

Notice to bondholders

Intertrust (Norway) AS (the “Trustee”) is acting as Trustee on behalf of the bondholders under the terms and conditions relating to the Bonds dated 11 December 2018 (the “Terms and Conditions”).

Capitalized terms not otherwise defined in this notice shall have the meaning given to them in the Terms and Conditions.

In light of circumstances related to the former Arranger of the Bonds, the Trustee has in accordance with a legal assessment made, found it necessary to arrange for an amendment of the definition of “Arranger” in the Terms and Conditions, for the Issuer to maintain its opportunity to issue Subsequent Bonds under the Terms and Conditions.

Further, and as communicated in Notice to Bondholders issued 25 March 2020, Inter Eiendom AS, Parent and Guarantor of the Issuer in accordance with the Terms and Conditions, has a new organisation number with the Norwegian Company Register as a result of a corporate reorganisation of the Inter Eiendom Group. As communicated in the above-mentioned notice, the Trustee has arranged for a legal assessment of the corporate reorganisation in order to ensure that the reorganisation is executed in accordance with the Terms and Conditions and the Finance Documents, and that this event does not affect the rights and security of the Bondholders. Just for the sake of good order, it was found adequate to arrange for an amendment of the definition of “Parent” in the Terms and Conditions, for the new organisation number of Inter Eiendom AS to be reflected.

Pursuant to the Terms and Conditions cl. 26.1 (a), the Issuer and the Trustee (acting on behalf of the Bondholders) may agree to amend the Finance Documents provided that such amendment is not detrimental to the interest of the Bondholders as a group in any material respect, or is made solely for the purpose of rectifying obvious errors and mistakes.

The Issuer and the Trustee are of the opinion that the Terms and Conditions cl. 26.1 (a) is applicable for amending the definition of Arranger and the definition of Parent in the Terms and Conditions.

The Amended and Restated Terms and Conditions is attached to the notice as Schedule 1.

For further information, please contact:

For the Trustee:

Eleonore Foss

Intertrust (Norway) AS

Mail: [email protected]

Phone: +47 958 14 513

Andreas W. Hennyng

Intertrust (Norway) AS

Mail: [email protected]

Phone: +47 971 87 151