Baltic Horizon Fund Gains Bondholder Approval for Bond Term Amendments

The bondholders of the Baltic Horizon Fund, a renowned real estate investment fund, have given their approval for amendments to the bond terms and conditions. The fund had sought the consent of its bondholders to modify the terms and conditions of its EUR 42 million worth of 5-year floating-rate bonds that are due to mature in 2028, identified by the ISIN EE3300003235 (the Bonds).

Bond Term Adjustments Sanctioned

After a careful appraisal, the bondholders have consented to the proposed adjustments being applied to the Bonds. These adjustments will offer enhanced flexibility in the fund's financial maneuvering, allowing it to maintain a robust and secure position in the evolving market landscape. The Baltic Horizon Fund emphasized that these amendments are in the interests of both the bondholders and the fund, setting a perspective for potential growth and stability.

Implications for the Bonds

The amendments in question include pivotal changes to the Bonds' terms and conditions. By securing the bondholders' approval, the Baltic Horizon Fund can proceed with the requisitioned contractual modifications in a timely and effective manner, further reassuring investors of their commitment to fund stewardship and returns sustainability.

Baltic, Horizon, Bondholders