Reference is made to the stock exchange notice published on 11 September 2019 relating to the preliminary result in respect of the proposal for certain amendments to its two unsecured bonds NAS07 and NAS08.
On 16 September 2019, separate bondholders’ meetings were held in NAS07 and NAS08 and both meetings voted in favour for the proposed amendments with sufficient majority. See confirmation from Nordic Trustee AS.
“We’re pleased with the bondholders’ decision to amend the bonds as it will give us added financial headroom going forward. We believe it demonstrates faith in our strategy and support of the important measures Norwegian is undertaking to return to profitability. The company’s operational performance continues to improve, and we are on track to reach the targeted cost-reductions of two billion NOK in 2019,” said acting CEO Geir Karlsen.
DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS have assisted NAS as financial advisers. BAHR is acting as legal adviser for NAS and Wikborg Rein for the financial advisers.