Scandinavian Biogas initiates a written procedure
Scandinavian Biogas Fuels International AB (publ) (the "Company") has instructed the agent for the Company's up to SEK 300,000,000 (whereof outstanding debt amounts to MSEK 230) senior secured bonds with ISIN SE0007784111 to initiate a written procedure requesting that the bondholders waive certain terms and conditions. The waivers will allow the Company to apply funds, currently held on an escrow account, in the most optimal way for the Company's business.
For more details regarding the proposed amendments of terms and conditions please see the notice to the written procedure, which is available on the Company's website (www.scandinavianbiogas.com) and on Stamdata (www.stamdata.com).
For further information, please contact:
CEO Scandinavian Biogas
+46 (0) 70-597 99 38
The Company in brief:
Scandinavian Biogas is today one of the largest private producers of biogas as a vehicle fuel. The Company also operates a manufacturing plant for pre-treatment of food waste and industrial organic waste, as well as a plant for the production of raw biogas in South Korea.
This information is information that Scandinavian Biogas Fuels International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on 11 April 2018, at 13:00 CET.