ABGSC acted as sole financial advisor to Kvalitena in connection with the amendment of the terms of the outstanding senior unsecured notes 2017/2020

On Tuesday 8 July 2020, Kvalitena AB (“Kvalitena” or the “Company”) announced a notice of a written procedure for its outstanding SEK 800 million senior unsecured notes. The purpose of the written procedure was for the noteholders to grant consent to certain amendments to the terms and conditions of the notes. The overall objective of the amendments proposed was to postpone the notes’ final redemption date by one year, to September 2021, in order to improve refinancing conditions for Kvalitena in a less challenging market.
The written procedure voting outcome was announced on Tuesday 28 July, showing that a requisite majority of the voting noteholders have voted in favour of the request to amend the terms and conditions of the Company’s notes. The amendment to the terms and conditions is therefore now approved.