We advised Nordic Trustee Oy acting as agent on behalf of the bondholders in the restructuring and redemption of the EUR 50 million senior secured bonds issued by Sunborn Finance Oyj.
The redemption follows a written procedure in which the bondholders agreed to certain changes to the terms and conditions of the bonds, including the right for bondholders to convert a part of their bonds to shares in Sunborn International Holding Oy and a partial write-down of the bonds. The redemption provides Sunborn with enhanced flexibility to continue the provision of hospitality services and pursue new opportunities.