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Notice to Bondholders in senior secured bonds with ISIN NO 0010859317 and ISIN NO 0010865520 (NOK Bonds) and ISIN NO 0010859325 and ISIN NO 0010865538 (SEK Bonds) (the “Bonds”) issued by Filago Prosjekt Holding 1 AS (the “Issuer”) on 29 September 2017.

30 November 2021

To the bondholders in senior secured bonds with ISIN NO 0010859317 and ISIN NO 0010865520 (NOK Bonds) and ISIN NO 0010859325 and ISIN NO 0010865538 (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 under the terms and conditions relating to the Bonds dated 29 September 2017 (the “Terms and Conditions”). Capitalized terms not defined herein shall have the same meaning as in the Terms and Conditions.

Based on a motion for forced sale of the properties on Tjøme and Gran submitted in October 2020, and following the actual sale, Vestre Innlandet District Court has ruled on the forced sale of the property on Gran. The beforementioned bankruptcy estate has other properties still for sale which may provide further coverage to the bondholder.

Subject to the court decision, the Trustee will distribute the proceeds from the sale of the property, NOK 9.453.159 in accordance with the Bond Terms, clause 18. After deduction of fee to DNB Bank ASA of NOK 95,000 for assistance in this matter, and to the Trustee for unpaid fee, external costs and expenses to third parties of NOK 1,700 911.45 incl. VAT, as well as ongoing work of NOK 69,037 incl. VAT and expected residual work of NOK 80,000 including VAT, the remaining amount will be distributed to the bondholders to cover the part of the interests.

The full Notice can be downloaded below:

Filago – Notice to Bondholders

For further information, please contact:

Trustee:

Andreas W. Hennyng
Intertrust (Norway) AS
[email protected]
+47 971 87 151

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