Dear Sir,
The interest is the same in the junior or senior bond:
30% of the nominal value of outstanding debt to be converted into a new bond or loan, that will rank as senior or junior depending on whether or not bondholders participate in the new money facilities, with the following terms:
Maturity: 5.5 or 6 years for senior and junior debt respectively, with the possibility of an extension of up to 2 years.
Coupon: 0.25% cash annually plus 1.25% PIYC (“pay if you can”) to be paid on an annual basis subject to certain conditions being met, otherwise will be capitalized and paid at maturity.
Abengoa’s bondholders should
get in touch with their custodians, the financial entities where their bonds are deposited,
for them to assist in the whole process, from the request of documentation to the delivery of the voting instructions. In this specific situation, and with the purpose of expediting the process,
bondholders will be able to get the restructuring agreement documentation directly from Lucid (
[email protected]).
Thank you