Leverator Plc Stock Exchange Release 9 December 2015 at 12.15 pm
INVITATION TO BONDHOLDERS’ MEETING
The Board of Directors of Leverator Plc (the ”Issuer”) has in its meeting held on 9 December 2015 resolved to invite the bondholders of its EUR 240 million 8.162 % bonds due 2016 (ISIN: FI0003016022) (the “Bonds”) to a bondholders’ meeting for the purpose of amending certain terms and conditions of the Bonds. The meeting will be held on 18 January 2016 at the offices of the Agent at Pohjoisesplanadi 37 A, Helsinki, Finland commencing from 1.00 pm.
To facilitate this bondholders’ meeting and solicit consents in anticipation of such meeting, the Issuer has engaged Danske Bank to act as agent (the “Agent”).
The proposal of the Board of Directors is to extend the maturity date of the Bonds by 2 years until 21 June 2018. The consent relating to this extension would become effective on the condition that Leverator Plc (i) makes an additional redemption (outside Condition 6 (b) of the terms and conditions of the Bonds) in a total amount of EUR 12.6 million on 15 February 2016 to the relevant bondholders holding Bonds on such date, and (ii) deposits the Consent Fee (as defined below) to an escrow account. The coupon of the Bonds and other terms are expected to remain the same.
The bondholders’ consent is also sought for the purpose of extending by 2 years of the final maturity date of the senior facilities agreement between Leverator Plc and CapMan Mezzanine IV LP.
In consideration for the requested consents and subject to the aforementioned proposals of the Board of Directors being approved, the Board of Directors proposes to pay on 21 June 2016 a consent fee of two per cent (2 %) of the outstanding principal amount after all redemptions made as at such date (the “Consent Fee”). The payment will be made to the bondholders holding bonds on such payment falling due. The Consent Fee shall be deposited on 15 February 2016 by the Issuer at a bank account held with Danske Bank Oyj to which access by the Issuer has been fully blocked.
Helsinki 9 December 2015
LEVERATOR PLC
Board of Directors
Additional information on the bondholders’ meeting is available from the Agent:
Danske Bank Oyj as authorised representative of Leverator Plc, e-mail debtcapitalmarkets @danskebank.com, tel. +358 (0)10 5138794.
DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.leverator.fi
Olli Liitola, CEO, +358 207 207 506 or +358 400 605 040
