BAGR

EQS-News: Metalcorp Group S.A. reaches agreement on the details of the bond restructuring and calls noteholders of the 2021/2026 Notes to vote

Retrieved on: 
Tuesday, November 7, 2023
European Business Register Network, Sale, TML, ISIN, Note, Aluminium, New Money, European, Security (finance), EUR, BAGR

40% of the outstanding nominal amount of the 2026 Notes, certain holders of the 2023 Notes, and Ferralum Metals Group S.A. (“Ferralum”) on the final terms for the restructuring of its Notes.

Key Points: 
  • 40% of the outstanding nominal amount of the 2026 Notes, certain holders of the 2023 Notes, and Ferralum Metals Group S.A. (“Ferralum”) on the final terms for the restructuring of its Notes.
  • A corresponding lock-up agreement has been signed which, inter alia, secures the support of the ad-hoc group in the vote of the holders of the 2026 Notes yet to be called.
  • Noteholders subscribing for the New Money Notes will benefit from a higher weighting in the Ferralum Notes and the New Metalcorp Notes.
  • The Company will publish a presentation with further details of the agreement and the next steps on its website.

EQS-News: Correction of a release from 17/05/2023, 16:25 CET/CEST - Metalcorp Group signs agreement to sell BAGR Non-Ferrous Group GmbH

Retrieved on: 
Wednesday, May 17, 2023
Note, Correction, Sale, Aluminium, Management, Rare-earth element, Security (finance), BAGR

Correction of a release from 17/05/2023, 16:25 CET/CEST - Metalcorp Group signs agreement to sell BAGR Non-Ferrous Group GmbH

Key Points: 
  • Correction of a release from 17/05/2023, 16:25 CET/CEST - Metalcorp Group signs agreement to sell BAGR Non-Ferrous Group GmbH
    The issuer is solely responsible for the content of this announcement.
  • Correction of a release from 17/05/2023, 16:25 CET/CEST - Metalcorp Group signs agreement to sell BAGR Non-Ferrous Group GmbH
    Luxemburg, 17 May 2023 – Metalcorp Group S.A. (the “Company” and together with its subsidiaries the “Metalcorp Group”) has signed a sale and purchase agreement (“SPA”) for the sale of its shares in BAGR Non-Ferrous Group GmbH (“BAGR”), the parent company of the Aluminium and Bulk and Ferrous Sub-Group, to FERRALUM METALS GROUP S.A (“FERRALUM”) on the basis of an enterprise value of approximately EUR 150 million.
  • FERRALUM is currently fully owned by the management of BAGR and STEELCOM (“Management”).
  • Metalcorp Group reserves its right to advance any individual actionable alternative, or a combination thereof should circumstances necessitate doing so in the interests of preserving value for stakeholders.

EQS-News: Metalcorp Group signs agreement to sell BAGR Non-Ferrous Group GmbH

Retrieved on: 
Wednesday, May 17, 2023
Note, Sale, Aluminium, Management, Security (finance), BAGR

Luxemburg, 17 May 2023 – Metalcorp Group S.A. (the “Company” and together with its subsidiaries the “Metalcorp Group”) has signed a sale and purchase agreement (“SPA”) for the sale of its shares in BAGR Non-Ferrous Group GmbH (“BAGR”), the parent company of the Aluminium and Bulk and Ferrous Sub-Group, to FERRALUM METALS GROUP S.A (“FERRALUM”) on the basis of an enterprise value of approximately EUR 150 million.

Key Points: 
  • Luxemburg, 17 May 2023 – Metalcorp Group S.A. (the “Company” and together with its subsidiaries the “Metalcorp Group”) has signed a sale and purchase agreement (“SPA”) for the sale of its shares in BAGR Non-Ferrous Group GmbH (“BAGR”), the parent company of the Aluminium and Bulk and Ferrous Sub-Group, to FERRALUM METALS GROUP S.A (“FERRALUM”) on the basis of an enterprise value of approximately EUR 150 million.
  • FERRALUM is currently fully owned by the management of BAGR and STEELCOM (“Management”).
  • For clarification purposes, the current intention is that voting proposals shall be made to the 2017/2023 and the 2021/2026 Notes.
  • Metalcorp Group reserves its right to advance any individual actionable alternative, or a combination thereof should circumstances necessitate doing so in the interests of preserving value for stakeholders.

EQS-News: Metalcorp Group calls on holders of the 2017/2023 notes to vote in a voting without meeting

Retrieved on: 
Saturday, April 15, 2023
ISIN, Note, BAGR, Mineral, Aluminium, Metal, Marketing, Mining, Security (finance)

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Luxemburg, 5 April 2023 – As announced on 30 March 2023, Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, calls on its bondholders of the 2017/2023 notes (ISIN: DE000A19MDV0) to vote in a voting without meeting.
  • During the voting period from 20 April 2023 at 0:00 until 24 April 2023 at 24:00, bondholders will have the opportunity to submit their votes in writing.
  • A quorum of 50% of the outstanding notes is required for a resolution on the proposal.

EQS-News: Metalcorp Group receives binding offer for BAGR Non-Ferrous Group GmbH and seeks bondholder consent for transaction and deferral of partial redemption payment due 31.03.2023

Retrieved on: 
Friday, March 31, 2023
Concentration of media ownership in Turkey, Sale, EUR, Acquisition, Aluminium, Mining, Metal, Security (finance), BAGR

The members of the Ad Hoc Group executed a non-disclosure agreement and have received certain information.

Key Points: 
  • The members of the Ad Hoc Group executed a non-disclosure agreement and have received certain information.
  • The Ad Hoc Group has indicated their desire to explore the willingness to provide funding to the operating entities.
  • These sub-groups are subsidiaries of Metalcorp Group S.A. and are operated independently and separately from each other.
  • Consent will be pursued from the 2017/2023 bondholders to facilitate a possible transaction and a deferral of the upcoming amortisation payment to provide time for a transaction to be consummated.