Baltic Horizon Fund's Bondholder Amendments Approved
The Baltic Horizon Fund has embarked on a significant journey with its bondholders, inviting their participation in crucial amendments to the bond terms and conditions. These amendments pertain to the Fund's EUR 42 million floating rate bonds, which are set to mature in the coming years.
Details of the Bondholder Approval Process
On June 9, 2025, the Baltic Horizon Fund initiated a written procedure that allowed bondholders to voice their opinions on proposed changes. Only those bondholders listed in the official registry maintained by Nasdaq CSD SE as of June 6, 2025, were eligible to participate in this democratic process.
Unprecedented Participation
The investment community demonstrated robust engagement, with holders representing a total nominal value of EUR 18,999,997.80 participating in this procedure. This figure signifies the collective unanimous backing from bondholders regarding the proposed adjustments.
Key Amendments to the Bond Terms
Crucially, the amendments included the introduction of voluntary early redemption options for the bonds. This strategy enables the Baltic Horizon Fund to redeem bonds in tranches of at least EUR 3 million, facilitating greater financial flexibility and strategic maneuverability in the evolving market landscape.
Future Steps Following Approval
In anticipation of these changes, the Baltic Horizon Fund commits to making the revised terms publicly accessible through its official website within three business days of this announcement. Transparency remains key as they proceed with these adaptations, ensuring all stakeholders are informed.
Company Overview
Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund, diligently managed by Northern Horizon Capital AS, a holder of the Alternative Investment Fund Manager license. The Fund, along with its management, is subject to oversight by the Estonian Financial Supervision Authority, reinforcing its commitment to regulatory compliance and investor trust.
Investors and interested parties can also reach out for additional information. Tarmo Karotam, the manager of the Baltic Horizon Fund, is available via email at tarmo.karotam@nh-cap.com.
Follow Baltic Horizon Fund
The Baltic Horizon Fund encourages stakeholders to stay informed about current projects and developments. Subscribing to their announcements can keep investors abreast of important news. Engage with the Fund through their various channels, including their official website or social media platforms, including LinkedIn and YouTube.
Frequently Asked Questions
What are the recent amendments approved by bondholders?
The amendments allow for voluntary early redemptions of bonds, enhancing financial strategies for the Fund.
How much was the nominal value involved in the bondholder approval?
Bondholders voted on amendments involving a total nominal value of EUR 18,999,997.80.
Who manages the Baltic Horizon Fund?
The Fund is managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
How can investors contact the Baltic Horizon Fund?
Investors can reach Tarmo Karotam via email at tarmo.karotam@nh-cap.com.
Where can I find more information about the Fund?
Further details can be found on the official Baltic Horizon Fund website, where updates and news are regularly published.
