Bondholders of Baltic Horizon Fund approved the amendments to the bond terms and conditions

Baltic Horizon Fund applied for bondholders' approval for certain amendments to the terms and conditions (theTerms and Conditions ) of the Baltic Horizon Fund EUR 42 million 5-year floating rate bonds maturing in 2028 (ISIN EE3300003235, the Bonds) and temporary waiver of debt service coverage ratio covenant in relation to the Bonds by way of written procedure on 26 September 2024.Bondholders who were entered in the registry of bond-holders maintained by Nasdaq CSD SE on 25 September 2024...

Tallinn, 30/09/2024 (informazione.it - comunicati stampa - servizi)

Baltic Horizon Fund applied for bondholders' approval for certain amendments to the terms and conditions (the Terms and Conditions ) of the Baltic Horizon Fund EUR 42 million 5-year floating rate bonds maturing in 2028 (ISIN EE3300003235, the Bonds) and temporary waiver of debt service coverage ratio covenant in relation to the Bonds by way of written procedure on 26 September 2024.

Bondholders who were entered in the registry of bond-holders maintained by Nasdaq CSD SE on 25 September 2024 were entitled to vote in the written procedure (the Holders). A notice by Triniti Collateral Agent IX OÜ acting as the agent for Holders was sent to the Holders on 26 September 2024. Altogether Holders holding in aggregate Bonds with the nominal value of EUR 22,000,000 which constitutes 100% of the aggregate nominal value of all Bonds, participated in the written procedure for amending the Terms and Conditions. Therefore, the quorum for adopting the decision by way of written procedure was reached.

The Holders voted unanimously for the following decisions:

Therefore, the required majority for adopting a decision by way of written procedure was reached and the decisions were adopted by the Holders.

The amended Terms and Conditions will be published on the website of the Baltic Horizon Fund within three business days as of publishing of this notice.

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail  tarmo.karotam@nh-cap.com
www.baltichorizon.com

Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority.

Distribution: Nasdaq, GlobeNewswire,  www.baltichorizon.com

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