Oscar Properties Holding AB (publ) - Initiates a written procedure

2023-02-01 08:30:00

Oscar Properties Holding AB (publ) (the "Company") has instructed the agent for the Company's up to SEK 1,000,000,000 Senior Unsecured Floating Rate Bonds 2021/2024 with ISIN SE0016275143 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of amending the terms and conditions of the Bonds (the "Terms and Conditions").

The Company proposes that the bondholders consent to the Terms and Conditions being amended in order to, among other things, (i) amend certain financial covenants and (ii) include mandatory partial redemptions of the outstanding bonds on 5 January 2024 and 5 April 2024 provided that certain conditions are met.

The agent will deliver the notice to a written procedure to all bondholders on 1 February 2023. The written procedure will commence on 6 February 2023 and end on 27 February 2023. To be eligible to participate in the written procedure a person must fulfil the formal criteria for being a bondholder on 20 February 2023. This means that the person must be registered on a securities account with Euroclear Sweden AB as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Bonds.

The notice to the written procedure is available on the Company's website (oscarproperties.com) and on the website of the agent (intertrustgroup.com).

For further information, please contact:
Oscar Engelbert, CEO, Oscar Properties Holding AB (publ),
Telephone: 070 568 00 01,
Email: oscar@oscarproperties.se

This information is information that Oscar Properties Holding AB (publ) 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 08:30 CET on 1 February 2023.

About Oscar Properties
Oscar Properties is a property company with a focus on owning investment properties with stable cash flows. We purchase, manage, develop and sell properties with attractive locations throughout Sweden, with the long-term strategy of being an active property owner who is close to their customers.