qquebec
Super Moderator
Zlomrex
Q2 2013
During the past few quarters the Group has been analyzing the available options in terms of acquiring new long-term financing sources to address the upcoming maturity of the currently outstanding Notes. In the first half of 2013 the Company began preparations of a proposal to refinance the Notes ahead of their scheduled maturity. As part of this process, Cognor has sought to enter into direct dialogue with as many holders of the Notes as possible. A number of significant noteholders have signed non-disclosure agreements with the Company, which has allowed Cognor to provide them with additional information and to enter into productive discussions with those parties on the structure of the refinancing. Cognor is pleased to report that it has made significant progress in addressing the refinancing of the Notes due in February 2014. With the assistance of our legal and financial advisors, the Company considers itself to be close to being in a position to make a further public announcement concerning the required elements of the refinancing, having taken legal, tax and accounting advice on the structure and content of the proposal.
Q2 2013
During the past few quarters the Group has been analyzing the available options in terms of acquiring new long-term financing sources to address the upcoming maturity of the currently outstanding Notes. In the first half of 2013 the Company began preparations of a proposal to refinance the Notes ahead of their scheduled maturity. As part of this process, Cognor has sought to enter into direct dialogue with as many holders of the Notes as possible. A number of significant noteholders have signed non-disclosure agreements with the Company, which has allowed Cognor to provide them with additional information and to enter into productive discussions with those parties on the structure of the refinancing. Cognor is pleased to report that it has made significant progress in addressing the refinancing of the Notes due in February 2014. With the assistance of our legal and financial advisors, the Company considers itself to be close to being in a position to make a further public announcement concerning the required elements of the refinancing, having taken legal, tax and accounting advice on the structure and content of the proposal.
