Mortgage securing the bonds of Baltic Horizon Fund has been released
15 August 2024 - 10:40AM
UK Regulatory
Mortgage securing the bonds of Baltic Horizon Fund has been
released
Baltic Horizon Fund requested Triniti Collateral
Agent IX OÜ, a company that acts as the agent (the
“Agent”) in relation to 5-year floating rate bonds
maturing in 2028 (the “Bonds”), to release the
collateral encumbering the property by BH Meraki UAB with the first
ranking mortgage to secure the obligations of the Issuer deriving
from the Bonds (the “Collateral”).
Under Clause 10.2 of the terms and conditions of
the Bonds, the Agent shall give consent and take immediately all
actions that the Agent as the holder of the Collateral should
reasonably take with the purpose to release the Collateral,
provided that the mandatory partial early redemption of the Bonds
as stipulated in Clause 12.4 of the terms and conditions of the
Bonds has been completed in full. The mandatory partial early
redemption of the Bonds was completed on 8 July 2024.
Baltic Horizon Fund hereby announces that the
Collateral has now been released.
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com
Baltic Horizon Fund is a registered contractual public
closed-end real estate fund managed by Alternative Investment Fund
Manager license holder Northern Horizon Capital AS. Both the
Fund and the Management Company are supervised by the Estonian
Financial Supervision Authority.
Distribution: Nasdaq,
GlobeNewswire, www.baltichorizon.com
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