Baseload Capital seeks to amend bonds to smooth path for redemption

Chicago, April 13 – Baseload Capital Sweden AB is seeking noteholder approval to change the terms and conditions on its SEK 500 million senior secured green bonds (ISIN: SE0011923267), according to a notice.

The changes would help the company redeem the bonds early.

Specifically, noteholders are being asked to approve a reduction in the early redemption amount to par plus interest.

Also, the company is seeking to amend the terms and conditions so that Baseload’s parent company, Baseload Capital Holding AB, can provide the issuer with a new loan without being subject to transaction security.

Also, the amendments would remove the requirement to hold any such loan in an escrow account, with the purpose of keeping down legal costs and easing the administration in connection with the early redemption.

Bondholders must be registered in the debt register by April 20 to vote.

Voting forms are due by 11 a.m. ET on May 10.

If the company has a quorum before that date, the written procedure may be completed early.

The consent will be terminated if a total redemption has not occurred by June 30.

Nordic Trustee & Agency AB is the agent.

Baseload is a specialized investment entity that funds the deployment of heat power worldwide.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.