Keystone Academic Solutions seeks bondholder approval to extend debt

Keystone Academic Solutions has launched a written procedure to amend terms of its FRN senior secured bonds 2025/2029. The proposal extends maturity by two years, lifts the maturity payment to 103% of the nominal amount and permits up to two PIK periods, contingent on an equity contribution of NOK 94,795,000. Bondholders' vote deadline is Oct. 7, 2026.