APPLICATION FOR CONSENT OF THE INVESTORS TO ALTER THE NOTE TERMS
UPP & CO Kauno 53 OÜ (the Issuer) is submitting to the Investors an application for the waiver to alter the Final Terms of the Terms and Conditions of UPP & CO Kauno 53 OÜ Subordinated Note Issue Dated 7th April 2017 (As amended on 16th August 2017) (the Terms).
Pursuant to Section 15.2 of the Terms, the Issuer hereby advises you of its intention to amend the Terms by amending Subsections 7.12 and 7.14 of Section 2 of the Final Terms.
The Terms will be amended as follows:
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Interest Rate as set out in Section 2 Subsection 7.12 of the Final Terms to be changed to 7% starting from 18th July 2024 (included);
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Maturity Date as set out in Section 2 Subsection 7.14 of the Final Terms to be changed to 17th July 2026.
In addition, the Issuer and the Collateral Agent have agreed to amend the Collateral Agent Agreement, with the intention to renew the Collateral Agent fees which have remained unchanged since 2017.
The Issuer hereby requests for the consent of the Investors to amend and establish the Final Terms and the Collateral Agent Agreement in the form attached to this notice.
We ask you to confirm latest on 15th July 2024 that the above changes are acceptable to you by sending a signed Request for Consent form attached to this noticed to e-mail property@unitedpartners.ee or deliver to address Pärnu mnt. 141, Tallinn 11314, Republic of Estonia.
A waiver is deemed to be approved if the Investors who hold in aggregate the Notes with the Nominal Value representing at least 2/3 of the aggregate Nominal Value of all outstanding Notes (excluding any Notes held by the Issuer and the Related Parties) have granted the waiver.
According to Section 15.3 of the Terms, the Issuer undertakes within 10 Banking Days after a waiver is deemed to be approved to offer Investors who did not agree to grant the waiver to redeem the Notes at the Redemption Price.
Siim Sild
Head of CRE
+372 5626 0107
siim.sild@unitedpartners.ee
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