Jøtul AS
Jøtul AS initiates a written procedure and provides a financial update
Jøtul AS (the “Issuer”, and together with its subsidiaries, the “Group”) has instructed the agent for the Issuer’s up to NOK 600,000,000 senior secured floating rate bonds with ISIN NO0013106666 (the “Bonds”) to initiate a written procedure to request that bondholders vote in favour of amending and waiving certain provisions under the terms and conditions of the Bonds, including, but not limited to, the obligation to comply with the maintenance covenant during 2024 and the obligation to publish the Group’s consolidated audited financial statements for the financial year 2023 as well as the Group’s interim unaudited consolidated report for the financial quarter ending on 31 March 2024 (the “Proposal”) (the “Written Procedure”). The full details of the Proposal are included in the notice to the Written…
