Reference is made to the stock exchange notice published 14 June 2024 regarding the contemplated transaction with Logistea AB (publ) (the "Public Announcement"). KMC Properties ASA (the "Company") has today instructed Nordic Trustee AS to summon a written resolution for the Company's senior secured bonds maturing 6 July 2026 (ISIN NO0012955105) (the "Bond"). The purpose of the written resolution is to consider a proposal for certain amendments to the bond terms (the "Proposal") in connection with the contemplated transaction with Logistea AB (publ).
The Company has wall-crossed a select group of holders of the Bond ahead of the Public Announcement. In aggregate, the wall-crossed investors hold around 40% of the outstanding nominal amount of the Bond. All the wall-crossed investors have undertaken to vote in favour of the Proposal.
For further background and details of the proposed resolution, including the Proposal, please see the attached summons for a written resolution and the attached presentation.
The proposed resolution will be passed if a requisite majority of the voting bonds vote in favour of the Proposal prior to the expiry of the voting period. The voting period shall expire 10 business days after the date of the summons, at 13:00 Oslo time on 28 June 2024.
The Company has retained Carnegie AS, DNB Markets, a part of DNB Bank ASA and SpareBank 1 Markets as Advisers with respect to the Proposal.
For further information, please contact:
Christian Linge, Interim CFO, tel. +47 466 37 846
About KMC Properties ASA
KMC Properties is an Oslo Børs-listed real estate company focusing on industrial and logistic properties. The company has a diversified portfolio of properties in the Nordics, Belgium, Germany, Poland and the Netherlands. The properties are strategically located and have long lease agreements with solid tenants. KMC Properties has an ambitious strategy to grow the portfolio through further development of existing properties, as well as M&A initiatives.