Trigon seeks to extend maturity of SEK 350 million 11% bonds to 2017

By Toni Weeks

San Luis Obispo, Calif., Feb. 6 – Trigon Agri A/S is seeking approval from its bondholders of a proposal for restructuring its SEK 350 million of 11% senior bonds, according to a press release from agent CorpNordic Sweden AB.

The company wants to, among other things, extend the final maturity date of the notes to Aug. 31, 2017 from June 29, 2015 and elect a committee to represent the holders.

Holders must be of record as of Feb. 13 to vote on the proposal.

A meeting will be held on Feb. 26 in Stockholm. Holders must submit notice of their attendance by Feb. 19. Alternately, they may vote on the proposal by submitting a written resolution voting form by 11 a.m. ET on Feb. 24, although those voting in this manner will not be able to vote on the election of members of the holders’ committee.

Copenhagen-based Trigon is an integrated soft commodities producer, storage provider and trader with operations in Ukraine, Russia and Estonia.

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