Bactiguard seeks approval to amend SEK 450 million 11% bonds due 2016

By Susanna Moon

Chicago, April 10 - Bactiguard Holding AB is seeking bondholder approval to change the definition of change of control under its SEK 450 million 11% senior secured bonds due 2016.

The change is needed for listing on the Nasdaq OMX Stockholm exchange, according to a company press release.

In connection with the initial public offering, the ultimate owners of the company may be required to reduce their ownership of the share capital below 50%, which would be a change of control.

A quorum is formed if holders representing at least one-fifth of the aggregate outstanding adjusted nominal amount of the bonds provide answers in this procedure in writing, the release noted.

The proposal requires support from a majority of the votes.

Holders have until 10 a.m. ET on May 8 to vote. They must be of record as of May 2.

CorpNordic Sweden AB (Anna Litewka, trustee@corpnordic.com or a.litewka@corpnordic.com, +46-8-402 7200) is the agent.

Stockholm-based Bactiguard makes products meant to prevent hospital-acquired infections.

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