Sunborn (Gibraltar) Limited – Approval of written procedure and amendments to the terms and conditions of its EUR 60 million bonds with ISIN: SE0010296632
Sunborn (Gibraltar) Limited (the "Company") today announces the successful completion of the written procedure that was initiated on 21 February 2024 in relation to the Company's outstanding up to EUR 60,000,000 senior secured floating rate bond loan with ISIN SE0010296632 (the "Bonds"), regarding certain amendments to the terms and conditions of the Bonds (the "Proposal").
A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour to approve the Proposal.
The terms and conditions of the Bonds, amended to reflect the Proposal, will be effective as per 18 March 2024.
The notice to the written procedure is available on the Company's website (www.sunborn.com/press) and on Stamdata (www.stamdata.com).
For further information, please contact:
Hans Niemi, CEO
Telephone: +358 (0)24454513
Email: hans.niemi@sunborn.com
Information:
This information is information that Sunborn (Gibraltar) Limited is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on 18 March 2024.
About Sunborn (Gibraltar) Limited
Sunborn Gibraltar is part of the Sunborn Group, which is 50 years old, privately owned group of companies based in Finland, with decades of experience in the hospitality sector. Sunborn's focus is on the development of luxury spa and yacht hotels, restaurants and other high-quality property.
Sunborn is present at the moment in Finland, Denmark, United Kingdom and Gibraltar. Operations vary from spa resorts and residential communities to hotels and yacht hotels, restaurants, and catering operations in the best locations.
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