Shoreline Mall Completes Bond Payments as New Coupon Takes Effect
Interest paid to bondholders
Shoreline Mall plc has confirmed the payment of interest due on its 4% Secured Bonds 2026, known as the Series A Bonds, and its 4.5% Secured Bonds 2032, known as the Series B Bonds.
The payments were made to investors recorded as bondholders at the close of business on 16 July 2026.
The company also paid a one-time commitment fee amounting to 0.25% of the face value of the Series A Bonds. This payment was made to eligible investors registered at the close of business on 30 May 2026.
Series A coupon rises to 6.5%
The payments follow a bondholders’ meeting held on 30 June 2026, during which investors approved changes to the terms of the Series A Bonds.
These changes included extending the redemption date by two years, from 1 August 2026 to 1 August 2028. The annual interest rate was also increased from 4% to 6.5%, with the revised coupon becoming effective on 1 August 2026.
Extension supports repayment strategy
The company previously explained that precautionary legal measures connected with a dispute involving another Shoreline Group entity had affected its planned refinancing process.
Shoreline Mall said the mall remains fully operational. Company documents reported that comparable retail sales increased by 18% to €34.35 million during the nine months to March 2026.
A dedicated sinking fund is also intended to support the eventual redemption of the extended Series A Bonds.