DGAP-Adhoc: Swedish ATP Management AB: Disclosure of inside information according to Article 17 of the EU Market Abuse Regulation No 596/2014

DGAP-Ad-hoc: Swedish ATP Management AB (publ) / Key word(s): Bond 
Swedish ATP Management AB (publ): Disclosure of inside information according 
to Article 17 of the EU Market Abuse Regulation No 596/2014 
 
16-Jun-2020 / 18:00 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Disclosure of inside information according to Article 17 of the **EU Market 
Abuse Regulation No 596/2014* 
 
*PRESS RELEASE* 
 
Swedish ATP Management AB (publ) (the "company") has, by its ultimate 
owners, been informed that the bondholder committee, LUSAT AIR S.L. (Spain) 
("LUSAT") and the minority shareholders of West Atlantic AB have reached an 
agreement in principle with respect to _inter alia_ the sale of the company 
and a write down and repayment of its bonds. 
 
Reference is made to the company's SEK 517,178,250 senior secured callable 
fixed rate bonds 2019/2022 with ISIN SE0012930089 (the "Bond") which are 
listed on the Frankfurt Open Market. 
 
As communicated in the press release made on 29 May 2020, the owners of the 
company (_i.e._, the bondholders represented by the bondholder committee, 
representatives of certain larger bondholders as appointed in connection 
with the restructuring of West Atlantic AB's bond in 2019), LUSAT and the 
minority shareholders of West Atlantic (who were the shareholders of West 
Atlantic prior to the restructuring of West Atlantic's bond) (together, the 
"Parties") have been in discussions with the aim to reach an agreement in 
order to, _inter alia_, solve the company's financial difficulties. 
 
The company, which has not taken part in any discussions or negotiations in 
respect thereof, has today by its ultimate owners, been informed that the 
Parties have reached an agreement in principle with the below main terms and 
conditions (subject to a final master transfer agreement formalising the 
agreement between the Parties). 
 
· All cash in the company (estimated to approximately MSEK 20) less 
transaction costs will be used for partial prepayment of the Bond. 
 
· LUSAT will acquire the shares in the company for SEK 1. 
 
· LUSAT will acquire the remaining approximately 49 per cent of the shares 
in West Atlantic AB. 
 
· By acquiring the shares in the company, LUSAT will indirectly take over 
the payment liability of the debt under the Bond which will be written 
down to SEK 300 million. The terms and conditions of the Bonds will be 
substantially simplified. 
 
· The company will pay SEK 295-300 million to the bondholders in three 
payment instalments according to the following: 
 
· SEK 100 million will be paid on 30 June 2021; 
 
· SEK 100 million will be paid on 30 June 2022; and 
 
· SEK 95 or 100 million will be paid on 30 October 2022. 
 
On the third instalment, the company will have the option to (i) pay SEK 100 
million, or (ii) pay SEK 95 million and share with the bondholders any 
possible upside on the divestment of the company's ATP-fleet up to SEK 20 
million. 
 
· As security for company's payment liability under the restructured Bond, 
LUSAT will provide a parent company guarantee and the owner and one other 
individual representing LUSAT will provide personal guarantees. 
 
· The Bond will be de-listed from the Frankfurt Open Market. 
 
· The Parties will waive any claims that they may have against each other. 
 
A master transfer agreement formalising the agreement in principle will be 
entered into between the Parties as soon as possible. The agreement and all 
transactions and actions related thereto will be subject to the bondholders' 
approval in a written procedure. 
 
More information in relation to the Parties' agreement and the time schedule 
will be provided in the notice to the written procedure that will be made 
available by the company at the latest in July. Closing of the transaction 
is estimated to occur in August 2020. 
 
For further information, please contact: 
Stefan Sundberg, CEO 
Telephone: [phone] 
E-mail: [e-mail] 
 
_This information is information that Swedish ATP Management 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 
person set out above, at 2020-06-16, 18.00 CEST._ 
 
*About Swedish ATP Management* 
 
Swedish ATP Management is a newly established asset management company 
dedicated to manage the BAE ATP (Advanced Turboprop) the most cost efficient 
cargo aircraft in its segment (8 ton in both metric volume and payload). We 
aim to increase ATP operations and utilization through our provided 
services. 
 
Swedish ATP Management AB (publ) reg. no.: 559204-4084, Box 5433, SE-402 29 
Gothenburg, Sweden, www.atpcargo.com 
 
16-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Swedish ATP Management AB (publ) 
             Box 5433 
             40229 Göteborg 
             Sweden 
Phone:       [phone] 
E-mail:      [e-mail] 
ISIN:        SE0012930089 
WKN:         A19NPH 
Listed:      Regulated Unofficial Market in Frankfurt 
EQS News ID: 1071549 
 
End of Announcement DGAP News Service 
 
1071549 16-Jun-2020 CET/CEST 
 
 

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June 16, 2020 12:00 ET (16:00 GMT)