Jotul, a Norwegian stove firm, delays bond payments and listing, triggering a default.

Jotul AS, a Norwegian stove and fireplace company, has postponed its interest payment due today on its bonds and the planned listing of these bonds on a regulated market. The company is working with its main shareholder to find a long-term solution and has sought support from bondholders representing over 40% of the bonds. Financial advisor Alvarez and Marsal and legal advisor Roschier Advokatbyrå have been engaged to assist. This action triggers an event of default under the bond terms.

2 months ago
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