Oscar Properties has reached an agreement with a committee representing a majority of the bondholders in the company's non-secured bond of SEK 800 million and the subsidiary HL18 Property Portfolio's senior secured bond of SEK 550 million.

The agreement means that the bankruptcy petition against Oscar Properties is withdrawn, that the properties owned directly or indirectly by the subsidiary HL18 must be sold to repay the current claims in HL18, and that any excess value after the sale of the properties is distributed to the company.

The agreement also contains an agreement to act so that the company's non-priority creditors are offered the opportunity to convert their claims into shares in Oscar Properties, provided that the company is provided with some capital by its owners or others, corresponding to 99 percent of all shares in the company, before the addition. The agreement assumes that certain conditions are continuously met.