On 17 April 2025, Fortaco Group Holdco Oyj (the "Company") announced the successful completion of the written procedure (the "Written Procedure") that was initiated on 2 April 2025 in relation to the Company's outstanding senior secured bonds with ISIN NO0012547274 (the "Bonds"), regarding certain amendments to the terms and conditions of the Bonds , including among other things an extension of the tenor by two years (including amending the call structure to reflect the extended tenor of the Bonds), amending the interest rate during 2025 and 2026, introducing the option to make voluntary partial redemptions of up to EUR 20 million at a price of 101 per cent., together with certain other amendments as further specified in the notice of the Written Procedure dated 2 April 2025 (the "Proposal").
In order to implement the amendments to the terms and conditions of the Bonds, the Company and the Bonds agent have entered into an amendment and restatement agreement, amending and restating the terms and conditions of the Bonds in accordance with the Proposal (the "Amendment and Restatement Agreement"). The conditions precedent of the Amendment and Restatement Agreement, including an equity contribution of no less than EUR 20 million by the principal shareholder of the Company, have been satisfied accordingly and the amendments pursuant to the Written Procedure are hence effective as of today.
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