Holmström Fastigheter Holding AB (publ) - Initiates a written procedure

Holmström Fastigheter Holding AB (publ) (the “Company”) is requesting approval from the holders (“Bondholders”) of the Company’s senior secured deferred interest bonds with ISIN SE0015797667 (the “Bonds”) to, inter alia, extend the final maturity date of the Bonds and make certain amendments to the terms and conditions of the Bonds (the “Request”).
In order to receive the Bondholders’ approval of the Request, the Company has today instructed the agent, Nordic Trustee & Agency AB (publ), to initiate a written procedure for the Bonds (the “Written Procedure”) by sending the notice of Written Procedure (including voting instructions) to the direct registered owners and registered authorised nominees of the Bonds in the Company’s debt register held with Euroclear Sweden as of 3 July 2026. The outcome of the Written Procedure will be announced by way of a press release in connection with the conclusion of the Written Procedure. The voting record date is 13 July 2026 and the last day for voting in the Written Procedure is 23 July 2026.

Market conditions have had a significant adverse effect on the Issuer’s and the Group’s financial condition. Following a review of available options, the Issuer has agreed with a committee of Bondholders representing approximately 60 per cent. of the Nominal Amount that the best course of action to maximise returns for Bondholders is an orderly liquidation of the Issuer’s and the Group’s assets.

As further described in the notice of Written Procedure, the Request seeks approval for, among other things: (i) the extension of the final maturity date of the Bonds by 18 months from 14 October 2026 to 14 April 2028, (ii) amending the total redemption amount payable in respect of the Bonds to an amount which will be limited to the net disposal proceeds from the assets of the Issuer, subject to a redemption amount cap, (iii) incorporating provisions permitting disposal of all assets of the Company’s group in order to facilitate an orderly wind-down of the Company’s group, (iv) incorporating amendments of restrictive covenants, including restrictions on new financial indebtedness, restricted payments, loans out and security, (v) the introduction of a cash sweep mechanism requiring mandatory partial redemption of the Bonds from excess group liquidity and (vi) certain other amendments to the terms and conditions of the Bonds as further described in the notice of Written Procedure (the “Amendments”).
The Amendments are conditional upon, among other things, (i) the execution of a share purchase agreement in relation to the Vincero Disposal, and (ii) evidence that F. Holmströmgruppen AB has waived and released its claim against the Company in respect of accrued interest in an amount of SEK 11,819,139.16.

For more information regarding the Written Procedure and a more detailed description of the Request, please see the notice of Written Procedure on the Company’s website and the agent’s website.

The applicable voting requirement to approve the Request is, as set out in more detail in the notice of Written Procedure, that (i) Bondholders representing at least 50.00 per cent. of the adjusted nominal amount participate in the Written Procedure, and (ii) at least two thirds (2/3) of the adjusted nominal amount for which Bondholders reply in the Written Procedure consent to the Request.

Bondholders representing approximately 60 % of the adjusted nominal amount have entered into voting undertakings in which they commit to vote in favour of the Request.

Further information about voting requirements and important dates for the Written Procedure is available in the notice of Written Procedure.

Gernandt & Danielsson Advokatbyrå has acted as legal advisor in relation to the Written Procedure.