Greenfood initiates a written procedure to amend the terms of its outstanding Notes

Greenfood AB (publ) (“Greenfood”, or the “Issuer”) has instructed Nordic Trustee & Agency AB (publ) (the “Agent”) to initiate a procedure in writing (the “Written Procedure”) to seek noteholders’ approval to amend the terms and conditions of its SEK 1,300,000,000 Senior Secured Sustainability-Linked Floating Rate Notes due November 2028 with ISIN SE0023112222 (the “Notes”).

The proposed amendments to the Notes include, inter alia, an increase in the headroom for incurrence of debt under super senior facilities and extending the timeline for the admission to trading of its Initial Notes to 1 May 2026. Details of the proposed amendments are further described in the notice of the Written Procedure.

Subject to approval of the Written Procedure and the amendments becoming effective, Greenfood will pay a consent fee equal to 0.10 per cent. of the nominal amount of each Note to all Noteholders voting in the Written Procedure (whether voting for or against the proposal in the Written Procedure).

Furthermore, the effectiveness of the Written Procedure will be conditional upon an equity injection by Fidelio Capital of SEK 150 million into Greenfood, aimed at strengthening Greenfood’s financial position.

Noteholders representing more than 50 per cent. of the aggregate outstanding nominal amount of the Notes have entered into binding voting undertakings to vote in favour of the proposal contained in the Written Procedure.

The notice of the Written Procedure, including the proposed amendments in full and detailed information regarding the voting procedure are available at the Issuer’s website (www.greenfood.se) and the Agent’s website (www.nordictrustee.com).

To be eligible to participate in the Written Procedure, a person must meet the criteria for being a noteholder on 31 October 2025. This means that the person must be registered on a securities account with the central securities depository (being Euroclear Sweden AB), as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Notes.

In order for a voting instruction to be taken into account, the Agent must receive a duly completed voting form no later than 15.00 (CEST) on 12 November 2025 (the “Expiration Date”). The Written Procedure may be completed in advance if a sufficient quorum and majority of consents to the Written Procedure have been received before the Expiration Date.

The results of the Written Procedure will be published by the Issuer promptly following the Expiration Date.

For the purpose of the Written Procedure, Pareto Securities AB acts as debt adviser to the Issuer and White & Case Advokat AB acts as legal advisor to the Issuer.

For further information, please contact:
Martin Asp, CFO
E-mail: martin.asp@greenfood.se

This information is information that Greenfood AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 24 October 16:05 CEST.

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