15.5.2020 20:00:01 EEST | Sunborn Finance Oyj |
Other information disclosed according to the rules of the Exchange
Press release, 15 May 2020
Sunborn Finance Oyj – Initiates a written procedure and publishes an investor presentation
Sunborn Finance Oyj (the “Company”) has instructed the agent for the Company’s EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the “Bonds”) to initiate a written procedure to request the bondholders to vote in favour of certain waivers and amendments of the terms and conditions of the Bonds, as set out in the attached notice of written procedure.
For the purpose of the written procedure, the Company has published an investor presentation which includes information about the Company’s business, including a management forecast. The investor presentation can be found at www.sunborn.com/press.
The agent will send the notice of written procedure to all bondholders on 18 May 2020. The record date for being eligible to vote in the written procedure is 22 May 2020 and the deadline for voting is 5.00 p.m. (CET) 15 June 2020. The written procedure may, however, be concluded before the expiry of the voting deadline if a requisite majority has accepted the requests.
The notice to the written procedure is available on the Company’s website (www.sunborn.com/press) and on Stamdata (www.stamdata.com).
DNB Bank ASA, Sweden Branch has been retained as consent solicitation agent in connection with the written procedure. For questions regarding the proposals and requests set out in the notice of written procedure, please contact the consent solicitation agent at kristofer.pousette@dnb.se or +46 768504114.
For further information, please contact:
Hans Niemi, CEO Telephone: Finland +358 (0) 24454513Email: firstname.lastname@sunborn.com
Information:
This information is information that Sunborn Finance Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 19:00 CET on 15 May 2020.
About Sunborn Finance Oyj
Sunborn Finance is part of the Sunborn Group, which is over 40 years old, privately owned group of companies based in Finland, with decades of experience in the hospitality sector. Sunborn’s focus is on the development of luxury spa and yacht hotels, restaurants and other high-quality property.
Sunborn is present at the moment in Finland, Denmark, United Kingdom and Gibraltar. Operations vary from spa resorts and residential communities to hotels and yacht hotels, restaurants, and catering operations in the best locations.
www.sunborn.com
Attachments
Download announcement as PDF.pdf
Aceso – Sunborn Finance – Notice of written procedure 15 May 2020.pdf
