Bondholders of Baltic Horizon Fund approved the waiver and gave consent under the terms and conditions of the bonds
27 Junio 2024 - 6:50AM
Bondholders of Baltic Horizon Fund approved the waiver and gave
consent under the terms and conditions of the bonds
Baltic Horizon Fund applied for the consent of
the bondholders, by way of a written procedure announced on 21 June
2024, to waive the undertaking set out in Clause 13.13 of the terms
and conditions of the bonds and to provide consent for Baltic
Horizon Fund to create a second-ranking mortgage over the assets of
BH Meraki UAB to secure the external financing related to Baltic
Horizon Fund's EUR 42 million 5-year floating rate bonds maturing
in 2028 (ISIN EE3300003235, the Bonds).
Bondholders who were entered in the registry of
bond-holders maintained by Nasdaq CSD SE on 20 June 2024 were
entitled to vote in the written procedure (the Holders). A notice
by Triniti Collateral Agent IX OÜ acting as the agent for Holders
was sent to the Holders on 21 June 2024. Holders with an aggregate
nominal value of EUR 29,999,999.40 of the Bonds participated in the
written procedure, representing 100% of the aggregate nominal value
of all Bonds. Therefore, the quorum for adopting the decision by
way of written procedure was reached.
The Investors voted unanimously in favor of a
resolution to waive the undertaking set out in Clause 13.13 of the
terms and conditions of the Bonds and to consent to the creation of
a second mortgage by Baltic Horizon Fund on the assets of BH Meraki
UAB to secure external financing.
Therefore, the required majority for adopting a decision by way
of written procedure was reached and the decisions were adopted by
the Holders.
For additional information, please contact:
Tarmo Karotam Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com www.baltichorizon.com
Baltic Horizon Fund is a registered contractual public
closed-end real estate fund managed by Alternative Investment Fund
Manager license holder Northern Horizon Capital AS. Both the
Fund and the Management Company are supervised by the Estonian
Financial Supervision Authority.
Distribution: Nasdaq,
GlobeNewswire, www.baltichorizon.com
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