Sotkamo Silver amends its €13.2m senior secured bond
Undisclosed
Adviser to Sotkamo Silver on the amendments to its €13.2m senior secured bond
Industrial & Chemicals
Finland
We have advised Sotkamo Silver on amendments to its €13.2m senior secured bond. The amendments were supported in a written voting procedure by the noteholders representing over 96% of the nominal amount of the notes.
The listed parent company Sotkamo Silver AB owns, through its Sotkamo Silver Oy subsidiary, the Silver Mine in Sotkamo which started production in March 2019 and has reached full production capacity.
The approved amendment will improve our financial flexibility for the strategy execution. We are very pleased with the outcome achieved with Clearwater's thorough support. The bond amendment process through a formal written voting procedure was executed in a very short timeframe. Clearwater managed the whole process, including investor communications, in a highly professional manner.
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