Börsiteade

Baltic Horizon Fund / Northern Horizon Capital AS

LEI kood

5299008IKT93E4SA0G49

Emitendi suuruskategooria

Väike ettevõtja

Majandustegevusalad

Finants- ja kindlustustegevus

Sektor(id)

Fondivalitseja

Emitendi registreeritud asukoht

Eesti

Üldandmed

Kategooriad

Muud korporatiivtoimingud

Teate ID

10325

Esitamise kuupäev ja aeg

08.05.2023 23:50:00

Teate sisu eesti keeles

Pealkiri

Baltic Horizon Fond emiteeris 42 miljoni euro ulatuses uusi võlakirju

Teade

Baltic  Horizon Fond on lõpule  viinud  5-aastase võlakirjade suunatud pakkumise
ning     emiteerinud     võlakirju    kogusummas    42 miljonit eurot    lõpliku
lunastustähtajaga   8. mail  2028 (420  võlakirja  nominaalväärtuse  ja  hinnaga
100 000 eurot  ühe võlakirja kohta). Võlakirjade aastane intressimäär on 8% + 3-
kuu EURIBOR ning intressi makstakse kvartaalselt.

Baltic  Horizon  Fond  plaanib  lunastada  võlakirjad osaliselt (20 miljoni euro
ulatuses)  ühe aasta jooksul alates  võlakirjade emiteerimise kuupäevast. Samuti
on   emitendil   järelejäänud  võlakirjade,  nimiväärtusega  22 miljonit  eurot,
ennetähtaegse lunastamise õigus. Baltic Horizon Fond esitab taotluse võlakirjade
noteerimiseks Nasdaq Tallinn börsil.

Võlakirjade  emissioonist  saadud  rahalised  vahendid  kasutati  täies ulatuses
Baltic Horizon Fondi 8. mail 2023 lunastatud võlakirjade refinantseerimiseks.

Tehingu korraldajaks oli Luminor.

?Oleme  investorite  kogukonnaga  töötanud  umbes  aasta,  et  paika  panna õige
refinantseerimisstruktuur  ja osapooltele  sobivad tingimused  ning meil  on hea
meel  saavutada  antud  kokkulepe.  Samal  ajal  on Baltic Horizon Fundi eesmärk
vähendada  oma  portfelli  finantsvõimendust  alla  50% ning  fond  on jätkuvalt
pühendunud   investeerima   oma  Baltimaade  pealinnades  asuvate  tsentraalsete
kinnisvara  objektide  uuendamisse.  Usume  selliste  strateegiliste  asukohtade
pikaajalisse   potentsiaali  ja  arvame,  et  segakasutusega  kinnisvara,  mille
külastamiseks  on klientidel mitmesuguseid põhjusi, saavad olema tulevikus kõige
edukamad", kommenteeris Baltic Horizon Fondi fondijuht Tarmo Karotam.

Lisainformatsiooni saamiseks palume kontakteeruda:

Tarmo Karotam
Baltic Horizon Fondi fondijuht
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=p6ByiA1fdKmatFaUYuZOcrppR3uqCGXFGH3I
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www.baltichorizon.com
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Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond,
mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS.

Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq
Stockholm, www.baltichorizon.com
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Teate sisu inglise keeles

Pealkiri

Baltic Horizon Fund issued new bonds in the amount of EUR 42 million

Teade

Baltic Horizon Fund has completed a private placement of 5-year bonds and issued
bonds  with a total aggregate volume of EUR 42,000,000 with final maturity on 8
May 2028 (420 bonds with a nominal value and price of EUR 100,000 per bond). The
bonds  bear a coupon  of 8% + EURIBOR  3-months per annum  and the coupon on the
bonds will be paid quarterly.

Baltic  Horizon Fund is planning to partially redeem the bonds (in the amount of
EUR  20,000,000) within  one  year  from  the  issue  date.  The issuer has also
retained  the early redemption right for the remaining bonds of EUR 22,000,000.
The Fund will apply for listing of the bonds on Nasdaq Tallinn stock exchange.

Proceeds  from the bonds were  fully used for refinancing  of the Baltic Horizon
Fund bonds redeemed on 8 May 2023.

Luminor acted as a sole arranger for this transaction.

?We have worked with the investor community for almost a year to find a suitable
refinancing structure and conditions acceptable for the parties and are content
to reach this final agreement. At the same time Baltic Horizon Fund maintains a
target to deleverage its portfolio to below 50% and the Fund remains committed
to invest in the enhancement of its centrally located real estate assets in the
Baltic capital cities. We believe in the long term potential of such strategic
locations and think that mixed-use properties that entail various reasons for
clients to visit will be successful in the future", comments Tarmo Karotam, fund
manager of Baltic Horizon Fund.

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=p6ByiA1fdKmatFaUYuZOcrppR3uqCGXFGH3I
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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.

Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm,
www.baltichorizon.com