Nyrstar: Bondholders consent to amendments to facilitate restructuring – results of the Meeting of Holders of 5.00% Convert...
21 Maio 2019 - 04:00PM
Nyrstar: Bondholders consent to amendments to facilitate
restructuring – results of the Meeting of Holders of 5.00%
Convertible Bonds held on 21 May 2019 and High Yield Bond consent
solicitation results
Regulated Information
Nyrstar: Bondholders consent to amendments to
facilitate restructuring – results of the Meeting of Holders of
5.00% Convertible Bonds held on 21 May 2019 and High Yield Bond
consent solicitation results
21 May 2019 at 21:00 CEST
Nyrstar has launched consent
solicitations and convened a Convertible Bondholders Meeting in
order to facilitate the implementation of a scheme of arrangement
to be proposed as part of the Recapitalisation previously announced
(see the Company’s announcement on 15 April 2019 for further
details of the Recapitalisation).
Convertible Bondholders Meeting
update
As announced on 6 May 2019, Nyrstar NV (the
“Company”) held a general meeting of the holders of the 5.00%
Convertible Bonds due 2022 issued by the Company on 11 July
2016 (ISIN Code: BE6288132101) in Brussels today (the
“Meeting”).
The attendance quorum requirement for the
Meeting was met and over 97 % of bondholders voted in favour of the
resolutions. All items on the agenda of the Meeting were approved.
The agenda items were (a) the accession of a co-obligor, (b) the
amendment to the jurisdiction clause, and (c) the temporary waiver
of certain events of default or potential events of default. A
supplemental trust deed, supplemental agency agreement and deed of
waiver will be entered into in due course effecting the amendments
and documenting the waivers.
High Yield Notes Consent Solicitations
update
On 14 May 2019, Nyrstar Netherlands (Holdings)
B.V. commenced two consent solicitations (the “Consent
Solicitations”) in respect of its €340,000,000 8 ½% Senior Notes
due 2019 (the “2019 Notes”) and €500,000,000 6.875% Senior Notes
due 2024 (the “2024 Notes” and together with the 2019 Notes, the
“High Yield Notes”).
The Consent Solicitations are made on the terms
and subject to the conditions set out in the two consent
solicitation statements each dated 14 May 2019 (the “Consent
Solicitation Statements”).
The Consent Solicitations relate to changes to
be made to the High Yield Notes primarily in respect of the
accession of a co-obligor, amendments to the governing law and
jurisdiction clause and the temporary waiver of certain events of
default or potential events of default.
Nyrstar hereby announces that the Consent
Solicitations have been successful. Holders of over 92% of the
aggregate principal amount of each of the 2019 Notes and 2024 Notes
outstanding have submitted their consents prior to the Expiration
Time in favour of all of the amendments and waivers requested in
the Consent Solicitations with respect to both the 2019 Notes and
the 2024 Notes. A supplemental indenture will be entered into in
due course with respect to each of the 2019 Notes and the 2024
Notes effecting the amendments and documenting the waivers sought
in the Consent Solicitations and will bind all holders of the 2019
Notes and 2024 Notes, as applicable.
Capitalised terms used in this notice and not
otherwise defined shall have the meanings given to them in the
notice convening the Meeting or the Consent Solicitation
Statements, as applicable.
Further details about the Meeting and the
Consent Solicitations, including a copy of each Consent
Solicitation Statement can be obtained from:
Lucid Issuer Services LimitedTankerton
Works12 Argyle WalkLondon WC1H 8HAUnited KingdomTel: +44 20 7704
0880Fax: +44 20 3004 1590Attention: Thomas Choquet / Oliver
SlyfieldEmail: nyrstar@lucid-is.comWebsite:
www.lucid-is.com/nyrstar
About Nyrstar
Nyrstar is a global multi-metals business, with
a market leading position in zinc and lead, and growing positions
in other base and precious metals, which are essential resources
that are fuelling the rapid urbanisation and industrialisation of
our changing world. Nyrstar has six smelters, one fumer and four
mining operations, located in Europe, Australia and North America,
and employs approximately 4,100 people. Nyrstar is incorporated in
Belgium and has its corporate office in Switzerland. Nyrstar is
listed on Euronext Brussels under the symbol NYR. For further
information please visit the Nyrstar website: www.nyrstar.com.
For further information contact:
Anthony Simms - Hoofd
Beleggerrelaties
T: +41 44 745 8157 M:
+41 79 722 2152 anthony.simms@nyrstar.comFranziska
Morroni - Hoofd Corporate
Communications
T: +41 44 745 8295
M: +41 79 719 2342 franziska.morroni@nyrstar.com
- Final press release 21 May - EN
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