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
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.