Fortaco initiates written procedure for senior secured bonds

Fortaco Group Holdco Oyj, a manufacturer of equipment for the manufacturing industry, has initiated a written procedure concerning its existing senior secured bonds. The company is requesting bondholders to approve proposed amendments and waivers to the bond terms.

The procedure specifically targets Fortaco's senior secured bonds with ISIN code NO0012547274. According to the company, the proposed changes aim to adjust the terms and conditions of the bonds to better reflect Fortaco's operational and strategic requirements.

The written procedure has been launched immediately. Bondholders are asked to cast their votes on the proposed amendments by a specified deadline. Fortaco stated it will announce the results of the procedure upon its conclusion.

The company's announcement did not specify the nature of the transactions or guarantees to be released, nor the reasons for seeking their release. Fortaco operates in the heavy equipment manufacturing sector with production facilities in multiple countries.