Bifogade filer
Go North obtains bondholder’s approval in the written procedures under its outstanding bonds
Prenumeration
As press released on 17 September 2025 and 22 September 2025 respectively, Go North Group AB (publ) (“Go North” or the “Company”) announced that a reorganisation plan has been prepared for the company reorganisation (the “Restructuring Plan”) and that separate written procedures (the Written Procedures”) under the Company’s outstanding bonds; (i) the senior secured fixed rate bonds with ISIN NO0012829847 (SEK Tranche) and NO0012829854 (USD Tranche) (the “Old Senior Bonds”), (ii) the senior secured floating rate bonds with ISIN NO0013165845 (Cash Tranche) and NO0013165852 (Set-off Tranche) (the “Super Senior Bonds”) and (iii) the senior secured fixed rate bonds with ISIN NO0013148411 (the “Back Stop Fee Notes” and jointly the “Bonds”) have been issued by CSC (Sweden) AB (the “Agent”) for the purpose of obtaining the formal approval of the bondholders to implement the measures resulting from the Restructuring Plan.
The expiry date for the Written Procedures was 15:00 CET on 13 October 2025. A sufficient number of votes were obtained in order to form quorums and requisite majorities of the bondholders voted in favour of the requests in the Written Procedures. The bondholders have therefore approved the implementation of the measures resulting from the Restructuring Plan, entailing, inter alia, partial rollover of certain secured obligations, a debt-to-equity swap, and multiple write-downs.
For questions to the Agent regarding the administration of the Written Procedures, please contact the Agent at trustee@intertrustgroup.com or +46 70 833 52 90.
About Go North:
Go North Group AB was founded as an Amazon aggregator, acquiring a portfolio of brands which primarily sold products on Amazon in the USA. Based in Sweden, Go North is now focused on bringing consumers simple, yet impactful, solutions to everyday problems.