Solteq Updates Amendment Proposals to Noteholders
Solteq Plc has updated its proposed amendments to noteholders concerning its notes due October 1, 2026, as part of an ongoing written procedure.
Solteq Plc has updated its proposal to noteholders regarding amendments to the terms and conditions of its senior unsecured fixed rate notes. The notes, with ISIN FI4000442264, have an outstanding amount of EUR 18,740,000 and mature on October 1, 2026. The company initiated a written procedure to amend these terms on August 24, 2026.
While specific details of the updated proposals were not disclosed, the original proposals aimed to alter the maturity date and other conditions of the notes. This procedure is part of a broader financial restructuring effort by the company.
The written procedure is scheduled to conclude on September 21, 2026. Noteholders are expected to vote on the proposed changes before this deadline. Approval requires a qualified majority of the noteholders.
Solteq has stated that further information regarding the company's financial arrangements will be provided subsequently. The objective is to ensure adequate funding for the company's business objectives.