ATUGRP EUR 11% Snr May 2014 66 – 70 ATUGRP EUR Float Snr May 2014 66 – 70 ATUGRP EUR Float October 2014 0.25 – 1.25 Restructuring update Yesterday the company announced that it anticipates the restructuring of its debt to be completed by January 24. The company already has over 80% support from senior creditors and yesterday filed an application to appoint PwC as an administrator of the company. As a reminder the restructuring envisages a complete write off of €150m of Junior bonds. Senior note holders will receive 4.85% of the company as well as 100% of newly issued preference shares (€157.5m) and will have the chance to participate in new senior secured loan raising (€109m). Participants in the new senior secured loan will receive 92.15% of the company. Also restructuring envisages new super senior term loan of €50m and RCF of €25m to be provided to the company by a new super senior lender.
Ho scritto 2 giorni fa a IR e mi hanno risposto testualmente che "non ci sono news a riguardo". Onestamente credo che questo bond sarà presto rifinanziato a tassi più bassi e le probabilità che venga fatto quest'anno sono alte. Sapere esattamente quando, però, è dura