First priority pledge over the shares in each Obligor (other than the Parent), first priority mortgage over the Properties (K11 and M12), first priority pledge over the Debt Service Retention Account and Intercompany Loans, first priority floating charge over trade receivables, operating assets and inventory, and unconditional guarantees from each Guarantors
Guarantor(s)
(i) Asp DC ASA with registration no 936 295 592 (ii) Forus Industry Arena AS with registration no 985 557 098 (iii) Midtgårdveien 12 AS with registration no 917 385 734 and (iv) each Group Company
Use of Proceeds
The Net Proceeds from the initial Bond Issue shall be applied towards refinancing of the existing debt, financing capex related to K11 site, funding the New Parent Loan of up to NOK 200m, and for general corporate purposes