Sunborn International Oyj’s subsidiary, Sunborn London Oyj - Summons for a written resolution - amendments to the senior secured bond terms
Sunborn International Oyj’s subsidiary, Sunborn London Oyj, has instructed the agent for the Company’s FRN Senior Secured EUR 25,500,000 Bonds 2021/2024 with ISIN NO0011099772 (the “Bonds”) to initiate a summons for a written resolution to request the bondholders to vote in favour of certain amendments to the terms and conditions of the Bonds, including an extension of the maturity date from 5 February 2026 to 5 February 2027.
Sunborn London has received irrevocable voting undertakings from a sufficient majority of its bondholders to approve a proposed amendment to the terms and conditions. In light of the secured voting undertakings, the proposal is expected to be approved without delay.
Details of the Amendment Proposal are set out in the Summons available on the Company's website (www.sbih.group/bond-investors) and on Stamdata (https://stamdata.com).
For more information:
Hans Niemi
CEO
Sunborn International Oyj
hans.niemi@sunborn.com
+358 44 556 6132
Certified Advisor: Nordic Certified Adviser AB, tel. +46 70 551 67 29
Distribution:
Nasdaq Helsinki
Key media
www.sbih.group
Sunborn International in brief
Sunborn International (Nasdaq: SBI) is an internationally operating, innovative developer, owner, and operator of high-end yacht hotels, floating structures and prop tech. Yacht hotels and floating structures make it possible to utilize water areas in city harbors and prime waterfront locations.
Sunborn International currently owns two yacht hotels, one located in London and the other in Gibraltar. The yacht hotels combine exclusive accommodation, restaurant services, and conference and event facilities. Sunborn International is a pioneer in its field and has long-standing experience in shipbuilding and design, as well as in the development and permitting processes of waterfront areas and ports in various countries. The company is actively expanding into new markets and has key development projects in Vancouver, London, and around the world.
For more information: www.sbih.group