Sunborn International Plc’s subsidiary Sunborn (Gibraltar) Ltd is in the advanced stages of closing the redemption of its outstanding EUR 58 million senior secured bond (ISIN: SE0010296632). As already advanced, Sunborn (Gibraltar) Ltd has entered into an exclusive mandate with a commercial bank, and the board of Sunborn (Gibraltar) Ltd has approved the terms and conditions of the proposed refinancing facility.
Transaction documentation is nearing execution. The refinancing facility is expected to have a maturity of three (3) years, with option to extend it, and to be on terms similar to, or more favourable than, those of the existing bond.
Completion of the refinancing remains subject to the execution of final transaction documentation and the fulfilment of customary conditions precedent. Upon completion, the existing bond is expected to be redeemed in full.
Sunborn London – extension of bond maturity approved
Reference is made to the company announcement dated 17 January 2026 – Sunborn International Plc announces that Sunborn London Plc (“Sunborn London”) has completed a written procedure in which 100% of the votes cast by bondholders were in favour of the proposed resolution (as defined in the notice of the written procedure).
The resolution was duly adopted in accordance with the terms and conditions of the bond, and the bond trustee is authorised to take the necessary actions to implement the resolution. As a result, the maturity of Sunborn London’s outstanding EUR 23.125 million senior secured bond (ISIN: NO0011099772) has been extended to 5 February 2027. The existing interest payment terms remain unchanged.
For further information:
Hans Niemi, CEO
Sunborn International Plc
hans.niemi@sunborn.com
+358 44 556 6132
Xavier Valero, EVP and Legal Counsel
Sunborn International Plc
xavier.valero@sunborn.com
+358 2 445 4517
Distribution:
Nasdaq
Key media
www.sbih.group
Sunborn International
Sunborn International is an innovative developer, owner and operator of high-quality yacht hotels and other floating real estate with global operations. Yacht hotels and floating real estate offer an opportunity to utilise unused water space in city harbours and prestigious waterfront locations.
Sunborn International currently owns two yacht hotels located in London and Gibraltar, which combine exclusive accommodation, restaurant services, conference and event venues. Sunborn International is an industry pioneer, with extensive experience in shipbuilding and vessel design as well as developing waterfront areas and harbours and tackling permitting processes in various countries. The company is actively expanding into new markets, with yacht hotel development projects in London, Vancouver and around the world.