NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN,
NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN
SUCH CIRCUMSTANCES IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Northern Horizon Capital AS is planning a sustainability-linked bond programme
of Baltic Horizon Fund in a total amount of up to 50 million euros to be issued
in one or several series over the next 12 months.
The offering of the bonds is intended to be directed to institutional investors
in selected European countries as well as to retail investors in Estonia, Latvia
and Lithuania. The first series under the bond programme is expected to be
completed in the end of 2022 or during Q1 2023. Luminor Bank AS Lithuanian
branch has been appointed to act as a lead manager for the purposes of
contemplated offering. The net proceeds from the issuance of the bonds will
mainly be used to refinance the existing indebtedness of the fund, i.e. for the
redemption of the existing unsecured bonds of Baltic Horizon Fund. After the
issue, the bonds are intended to be listed on Nasdaq Tallinn stock exchange.
Northern Horizon Capital AS will disclose the exact details of the offering,
including the offering period and the terms of subscription upon registration of
the public offering and listing prospectus with the Estonian Financial
Supervision and Resolution Authority.
Important note:
This announcement is not to be construed as an offer or solicitation for the
purchase of the bonds, nor shall the sale or offer of the bonds take place in
any jurisdiction where such offer, invitation or sale would be unlawful without
the exception or qualification of law, prior to the registration of the
prospectus.
The information contained herein is not for release, publication or
distribution, in whole or in part, directly or indirectly, in or into the United
States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South
Africa or such other countries or otherwise in such circumstances in which the
release, publication or distribution would be unlawful.
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
(https://www.globenewswire.com/Tracker?data=1XWKkGC5Yvs7yjcza6ae9WngORir4xKHcRAr
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www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=JI3WRAG6tbsDApThm_QYCjjBApfQus8IhsZa
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund that is managed by Alternative Investment Fund Manager license holder
Northern Horizon Capital AS.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq
Stockholm, www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=JI3WRAG6tbsDApThm_QYCjjBApfQus8IhsZa
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This announcement contains information that the Management Company is obliged to
disclose pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the above distributors, at
12:45 EET on 21 November 2022.
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