qquebec
Super Moderator
Novasep Holding
E' partita la ristrutturazione di Novasep (vedere comunicato precedente al n. 5795)
Among other things, under the terms of the restructuring agreement and related agreements, the holders of notes will receive 97.7% of the common equity securities in Novasep whereas Novasep's outstanding notes will be reduced from c.€415 million equivalent (including accrued interests) to €150 million equivalent and its cash interest expenses from approximately €40 million to €12 million equivalent per annum. This restructuring will be implemented through a consent solicitation and exchange offer. The FSI will provide a €30 million new money investment in the form of preferred shares, and Azulis, one of Novasep's financial shareholders, will also provide a €3 million new equity investment.
E' partita la ristrutturazione di Novasep (vedere comunicato precedente al n. 5795)
Among other things, under the terms of the restructuring agreement and related agreements, the holders of notes will receive 97.7% of the common equity securities in Novasep whereas Novasep's outstanding notes will be reduced from c.€415 million equivalent (including accrued interests) to €150 million equivalent and its cash interest expenses from approximately €40 million to €12 million equivalent per annum. This restructuring will be implemented through a consent solicitation and exchange offer. The FSI will provide a €30 million new money investment in the form of preferred shares, and Azulis, one of Novasep's financial shareholders, will also provide a €3 million new equity investment.
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