Cision News Initiates Written Procedure for Bondholders
Cision News has commenced a written procedure concerning its Senior Secured Bonds with ISIN NO0013140640. The procedure relates to up to USD 150,000,000 in bonds issued by Open Infra US Assets AB (publ).
Cision News has initiated a written procedure for its bondholders regarding the ISIN NO0013140640 bond issue. This procedure pertains to Open Infra US Assets AB (publ)'s Senior Secured Bonds, amounting to up to USD 150,000,000.
The notice has been distributed via VPS (Norway) to entities registered as holders of the Bonds in the Securities Account with VPS. Custodians or other intermediaries holding Bonds on behalf of others are instructed to forward this notice to the represented holders promptly.
Nordic Trustee & Agency AB (publ) is acting as the agent for the bondholders in this matter. The agent's role is to facilitate the process and ensure communication between the bondholders and the issuing company regarding decisions or changes that may affect the bond terms.
The written procedure is a formal method for Cision News to obtain decisions from its bondholders without convening a physical meeting. This approach is often used to streamline decision-making processes concerning financial matters and corporate actions impacting the bond issue.