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ML 33 Holding seeks votes to amend 5½% notes for parent’s sale plans
By Susanna Moon
Chicago, March 4 – ML 33 Holding AS has scheduled a meeting for March 18 in Oslo to amend its 5½% bond issue 2016/2021.
Specifically, the issuer is looking to amend the clause under the bond terms regarding the minimum ownership of the parent, according to a notice by Nordic Trustee AS.
Meteva AS, which owns 34% of the shares in ML 33 Invest AS, the parent or owner of the issuer, is considering selling all or some of its shares in the parent. Under the bond terms, however, there is a requirement that Meteva owns at least 34% of the shares in ML 33 Invest.
In return, the issuer is offering a one-time amendment fee of 1%.
To form quorum, there must be at least one-half of bondholders represented at the meeting. To approve the measure, the proposal requires votes from a simple majority of the bondholders represented.
For more information, call +47 22 87 94 45 or e-mail slagsvold@nordictrustee.com.
ML 33, formerly known as Arctic Projekt 2 AS, owns, manages and leases real estate properties and is based in Oslo, Norway.
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