Matsorower seeks senior noteholder consent to push back redemption date

By Marisa Wong

Morgantown, W.Va., June 27 – Matsorower AB is asking holders of its SEK 150 million senior secured fixed-rate notes to approve some changes to the terms and conditions of the notes.

The issuer and a majority holder, holding about 86.5% of the notes, have informally agreed to some amendments to the notes.

Noteholders are now being asked to vote for or against the proposed changes through a written procedure that expires noon ET on July 23, according to a notice from agent Nordic Trustee & Agency AB.

Specifically, the issuer is asking noteholders to approve moving the notes’ mandatory partial redemption date to Aug. 31 from June 30 and the record date to Aug. 24 from June 25.

On the redemption date, the issuer will redeem SEK 80.1 million of the notes.

Matsorower is offering a 1.5% consent fee.

To approve the request, holders of at least 75% of the voting notes must deliver their consents.

In order to form a quorum, holders of at least 50% of the notes must participate in the written procedure.

Holders must be of record on July 2 to participate.

Questions regarding the administration of the written procedure may be directed at the agent at voting.sweden@nordictrustee.com or +46 8 783 79 00. Questions regarding the issuer and/or the request can go to Navid Rostam Khesal at navid@oscarproperties.se.

Based in Stockholm, Matsorower provides real estate services.

© 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.