Start Up 271 arranges bondholder meeting to vote on maturity extension

By Marisa Wong

Madison, Wis., Oct. 1 – Start Up 271 AS is proposing to extend the maturity date of its senior bonds due Sept. 27, 2014 to Sept. 27, 2015.

The issuer is calling a bondholders’ meeting to consider the proposed change, according to a notice from trustee Nordic Trustee ASA.

The meeting will take place on Oct. 16 in Oslo.

To approve the amendment, bondholders representing at least two-thirds of the bonds represented at the meeting must vote in factor of the resolution.

In order to form a quorum, at least half of the voting bonds must be represented at the meeting.

The bonds were issued on May 30, 2013.

Start Up 271 is a special-purpose entity based in Oslo.

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