Advanced Soltech’s bond SOLT2 is extended in accordance with the company’s request
Advanced Soltech requested on January 4, 2023, an extension of the SOLT2 bond with repayment on February 28, 2023. The proposal has been voted through according to the Company's request, which means that the last day for repayment of the bond is moved forward to July 9, 2023.
CEO Max Metelius comments:
"We thank our bondholders in SOLT2 for their continued trust and are now working further with refinancing in China of the outstanding bonds. Our assessment is that we will have a good solution in place before July 9. We can now focus on finding a good refinance structure to promote future growth."