Baltic Horizon Fund applied for the consent of the bondholders, by way of a
written procedure announced on 21 June 2024, to waive the undertaking set out in
Clause 13.13 of the terms and conditions of the bonds and to provide consent for
Baltic Horizon Fund to create a second-ranking mortgage over the assets of BH
Meraki UAB to secure the external financing related to Baltic Horizon Fund's EUR
42 million 5-year floating rate bonds maturing in 2028 (ISIN EE3300003235, the
Bonds).
Bondholders who were entered in the registry of bond-holders maintained by
Nasdaq CSD SE on 20 June 2024 were entitled to vote in the written procedure
(the Holders). A notice by Triniti Collateral Agent IX OÜ acting as the agent
for Holders was sent to the Holders on 21 June 2024. Holders with an aggregate
nominal value of EUR 29,999,999.40 of the Bonds participated in the written
procedure, representing 100% of the aggregate nominal value of all Bonds.
Therefore, the quorum for adopting the decision by way of written procedure was
reached.
The Investors voted unanimously in favor of a resolution to waive the
undertaking set out in Clause 13.13 of the terms and conditions of the Bonds and
to consent to the creation of a second mortgage by Baltic Horizon Fund on the
assets of BH Meraki UAB to secure external financing.
Therefore, the required majority for adopting a decision by way of written
procedure was reached and the decisions were adopted by the Holders.
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
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www.baltichorizon.com
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund managed by Alternative Investment Fund Manager license holder Northern
Horizon Capital AS. Both the Fund and the Management Company are supervised by
the Estonian Financial Supervision Authority.
Distribution: Nasdaq, GlobeNewswire, www.baltichorizon.com
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To receive Nasdaq announcements and news from Baltic Horizon Fund about its
projects, plans and more, register on www.baltichorizon.com
(https://www.baltichorizon.com/). You can also follow Baltic Horizon Fund
on www.baltichorizon.com (https://www.baltichorizon.com/) and on LinkedIn
(https://www.linkedin.com/company/baltic-horizon/), Facebook
(https://www.facebook.com/baltichorizon), X (https://twitter.com/BalticHorizon)
and YouTube (https://www.youtube.com/@baltichorizon/featured).
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