Scandinavian Enviro Systems AB, which has been undergoing a company reorganisation since 27 February 2026, adopted a revised proposal for a reorganisation plan, including a debt settlement, replacing the proposal published on 26 August 2026. The main change concerns the classification of creditors into groups, while the proposed settlement terms for other creditors remain unchanged.
Company reorganisation of Enviro began on 27 February 2026, following a decision by the Gothenburg District Court, and has been extended twice, most recently until 27 November 2026.
Under the revised proposal, affected parties will remain divided into five groups. The previous Group A, which included creditors claiming a right of retention, has been eliminated. These creditors have instead been moved into the group of non-preferential creditors. Group A now consists solely of Enviro’s auditor, PwC, whose statutory audit claim is recognised as preferential and proposed to be paid in full.
Enviro said it had asked the creditors claiming a right of retention to provide evidence supporting their claims, but they had not yet done so. The company therefore considers that they should not be treated as preferential creditors. It also noted that the property concerned has no economic value to the company as a going concern.
The revised proposal retains the previous settlement terms for other creditors. Creditors with public-law claims and unrelated non-preferential creditors are proposed to receive 30% of their claims, while related creditors would receive no payment. Payments will be made within three months after the plan becomes final and non-appealable, while disputed claims would be settled once the relevant dispute has been resolved or a binding agreement reached.
The proposed debt settlement will be financed through the convertible loan and warrant agreement Enviro signed with Nordic Restructuring and Growth Capital 1 on 26 August 2026. Of the financing, SEK 35 million is allocated to the debt settlement and is proposed to receive a general right of priority under the reorganisation plan.
Enviro said the revised creditor classification was intended to reflect the legal status of the affected parties and support the adoption and confirmation of the plan. The revised proposal will be sent to affected parties together with the reorganisation administrator’s report. Enviro intends to apply to the district court shortly to initiate plan proceedings, during which creditors will be divided into groups and allowed to vote on the proposal.
