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Start Up 271 obtains bondholder consent for maturity extension
By Jennifer Chiou
New York, Oct. 16 – Start Up 271 AS announced that it has received holder consent to extend the maturity date of its senior bonds due Sept. 27, 2014 to Sept. 27, 2015.
According to a notice from trustee Nordic Trustee ASA, there were sufficient bondholders present to form a quorum at the meeting in Oslo, and all votes were in favor of the extension.
To approve the amendment, holders of at least two-thirds of the bonds represented at the meeting had to vote in factor of the resolution.
In order to form a quorum, at least half of the voting bonds had to 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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