Baltic Horizon Fund requested Triniti Collateral Agent IX OÜ, a company that acts as the agent (the “ Agent” ) in relation to 5-year floating rate bonds maturing in 2028 (the “ Bonds” ), to release the collateral encumbering the property by BH Meraki UAB with the first ranking mortgage to secure the obligations of the Issuer deriving from the Bonds (the “ Collateral ”).
Under Clause 10.2 of the terms and conditions of the Bonds, the Agent shall give consent and take immediately all actions that the Agent as the holder of the Collateral should reasonably take with the purpose to release the Collateral, provided that the mandatory partial early redemption of the Bonds as stipulated in Clause 12.4 of the terms and conditions of the Bonds has been completed in full. The mandatory partial early redemption of the Bonds was completed on 8 July 2024 .
Baltic Horizon Fund hereby announces that the Collateral has now been released.
For additional information, please contact:
Tarmo Karotam Baltic Horizon Fund manager E-mail tarmo.karotam@nh-cap.com www.baltichorizon.com
Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority.
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