Hynion AS (“Hynion”, “the Company”) was yesterday informed of a resolution in the central district court of Stockholm regarding a project finance loan undertaken by Hynion Sverige AB (which filed for bankruptcy 19 May 2025) with Hynion issuing a parent company guarantee. The resolution states that Hynion is liable for the original loan amount in addition to accrued interest and legal costs associated with the proceeding.
The original loan amount was SEK 10 million, with maturity 31 December 2024. This was later extended to 31 May 2025 in an agreement reached with the lendors 23 February 2025. The loan has been in default since 31 May 2025 under the extended loan framework, and since the autumn of 2024 under the original framework. The loan was backed by 1st priority security in considerable parts of Hynion Sverige Ab’s fueling assets, which some are now sold. In addition, 4 other private individuals have jointly and severally issued guarantees for the loan, ranking equal with Hynion.
Hynion has after receiving the resolution reached out to the lenders legal counsel regarding a potential settlement. The parties will continue this dialogue and have indicated the need for immediate progress. Separately meeting and dialogues are scheduled with the largest remaining creditors in Hynion following the debt conversion resolved earlier this year, which substantially reduced the debt in the Company. The company want to see substantial progress and a path to success in the short term on the restructuring initiative currently unfolding with the support of all major Hynion creditors. Hynion will conclude the restructuring initiative if no substantial progress is reached in the immediate future.
This information is considered inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.