SIBS AB: Conditions Precedent Satisfied for Bond Procedure
SIBS AB announces that the conditions precedent for its initiated bond procedure have been satisfied. Amendments to the bond terms and the implementation of a new structure have now become effective.
Stockholm – SIBS AB (publ) confirmed today that the conditions precedent for a written procedure concerning its senior secured floating rate bonds (ISIN SE0023112487) have been met. The procedure was initially initiated on July 21, 2026, and approved on August 10, 2026.
As a result of these conditions being satisfied, the amendments to the terms and conditions of the bonds and the implementation of the "New Structure" are now effective. The company did not provide further details on the specific nature of these amendments in its announcement.
The written procedure was originally undertaken to modify the terms of the bonds and introduce the new structure. The specifics of these changes were outlined in the documentation related to the procedure.
This development marks a formalization of the previously agreed-upon changes to SIBS AB's bond obligations.