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Neptunia Invest begins consent solicitation for floating-rate bonds
Chicago, Sept. 16 – Neptunia Invest AB started a consent solicitation for its SEK 300 million senior secured floating-rate bonds due 2024 (ISIN: SE0013888120), according to a press release.
The company seeks to make certain amendments to the terms and conditions.
An early bird fee of SEK 6,250 per SEK 1.25 million bond will be paid to bondholders who deliver valid voting instructions by 6 a.m. ET on Sept. 24, whether for or against the proposals.
Each eligible bondholder will receive a consent fee of SEK 15,625 per bond if the fee conditions are satisfied or waived, payable by Dec. 15.
To receive the early consent fee, bondholders should submit a voting from to the solicitation agent.
For the proposals to be approved, the company needs a quorum of at least 50% and then a majority of at 66 2/3% must vote for the proposals.
The written procedure ends on Oct. 11.
Nordea Bank Abp is the solicitation agent (+45 6161 2996, NordeaLiabilityManagement@nordea.com).
Neptunia is a Swedish investment company with Nordic ownership.
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