IL MARATONETA
Forumer storico
A stoccarda bid ancora cedente in area 36. L'ask in particolare precipita da 50 a 41.
Un fuoco di paglia?
Un fuoco di paglia?
SELECTA caffè amaro
- Creatore Discussione Solitario
- Data di Inizio
Justfinance
Nuovo forumer
Ultima modifica:
IL MARATONETA
Forumer storico
Da una prima veloce lettura sembrano notizie positive.
Speriamo di trovare anche delle informazioni tradotte e riassuntive.
Justfinance
Nuovo forumer
Conference call iniziato @ 19.00 in ascolto
Cat XL
Shizuka Minamoto
Sembra un ristrutturazione meno penalizzante di quanto previsto. Prezzi ora 45-48.
IL MARATONETA
Forumer storico
Grazie e attendiamo le tue impressioni.
Justfinance
Nuovo forumer
è una complessa e completa ristrutturazione con nuovi fondi KKR super senior e temo anche se non è ancora chiaro per me per salvaguardare il bond la adesione è richiesta (gestione LUCID) governato poi dalle legge inglese se 75% aderiscono e chi aderisce subito ha un early bird premium.
“The Transaction is proposed to be effected in part by an English law scheme of arrangement under the Companies Act 2006 (the “Scheme”). The Scheme will enable the Transaction in respect of the Notes to be implemented upon obtaining the necessary majority creditor consents (being 75% by value and a majority by number of those creditors voting in each scheme class). Details of the convening hearing and creditor meetings required for the Scheme will be published in due course. However, it is anticipated that the practice statement letter launching the Scheme will be issued in due course, the convening hearing will take place on 2 October 2020 and the scheme meetings on 21 October 2020.”
“the exchange of all outstanding Notes, plus accrued and unpaid interest on the Notes to, but excluding, the closing date of the Transaction, for:
3 • Approx. €693m (includes interest payable on the Notes on 1 October 2020 and interest to assumed Transaction closing at 29 October 2020) 1 (equivalent) eurodenominated first lien notes (the “First Lien Notes”) to be issued by the Company and consisting of fixed rate first lien notes bearing interest at a rate equal to 3.500% per annum, payable in cash, plus 4.500% per annum, payable in kind, prior to January 2, 2023, and at a rate equal to 8.000% per annum, payable in cash, afterward. Holders of CHF-denominated Notes may elect to receive CHF-denominated First Lien Notes. The First Lien Notes will mature on April 1, 2026“
Prossimo passi entro 15.09 chi vuole aderire
“Next Steps
Noteholders that have not yet signed the Lock-Up Agreement and wish to support the Transaction and receive the lock-up fee will need to complete and execute a consenting creditor accession letter to the Lock-Up Agreement in their capacity as Noteholder and provide evidence of their beneficial holdings via the clearing systems to Lucid Issuer Services Limited (acting as Calculation Agent under the Lock-Up Agreement) no later than 4:00 p.m. London time on 15 September 2020.
Lucid Issuer Services Limited
Email: [email protected]
5 Website: www.lucid-is.com/selecta Telephone: + 44 20 7704 0880 Attention: Thomas Choquet / Jacek Kusion2
Temo o si aderisce o viene cmq imposto e poi il nuovo bond diventerà un specie di loan (first lien notes) e l’interesse quest anno non vengono pagate (sfruttano il grace period di 30gg) curioso di vedere le quotazione oggi per capire se può essere un opportunità ...
“The Transaction is proposed to be effected in part by an English law scheme of arrangement under the Companies Act 2006 (the “Scheme”). The Scheme will enable the Transaction in respect of the Notes to be implemented upon obtaining the necessary majority creditor consents (being 75% by value and a majority by number of those creditors voting in each scheme class). Details of the convening hearing and creditor meetings required for the Scheme will be published in due course. However, it is anticipated that the practice statement letter launching the Scheme will be issued in due course, the convening hearing will take place on 2 October 2020 and the scheme meetings on 21 October 2020.”
“the exchange of all outstanding Notes, plus accrued and unpaid interest on the Notes to, but excluding, the closing date of the Transaction, for:
3 • Approx. €693m (includes interest payable on the Notes on 1 October 2020 and interest to assumed Transaction closing at 29 October 2020) 1 (equivalent) eurodenominated first lien notes (the “First Lien Notes”) to be issued by the Company and consisting of fixed rate first lien notes bearing interest at a rate equal to 3.500% per annum, payable in cash, plus 4.500% per annum, payable in kind, prior to January 2, 2023, and at a rate equal to 8.000% per annum, payable in cash, afterward. Holders of CHF-denominated Notes may elect to receive CHF-denominated First Lien Notes. The First Lien Notes will mature on April 1, 2026“
Prossimo passi entro 15.09 chi vuole aderire
“Next Steps
Noteholders that have not yet signed the Lock-Up Agreement and wish to support the Transaction and receive the lock-up fee will need to complete and execute a consenting creditor accession letter to the Lock-Up Agreement in their capacity as Noteholder and provide evidence of their beneficial holdings via the clearing systems to Lucid Issuer Services Limited (acting as Calculation Agent under the Lock-Up Agreement) no later than 4:00 p.m. London time on 15 September 2020.
Lucid Issuer Services Limited
Email: [email protected]
5 Website: www.lucid-is.com/selecta Telephone: + 44 20 7704 0880 Attention: Thomas Choquet / Jacek Kusion2
Temo o si aderisce o viene cmq imposto e poi il nuovo bond diventerà un specie di loan (first lien notes) e l’interesse quest anno non vengono pagate (sfruttano il grace period di 30gg) curioso di vedere le quotazione oggi per capire se può essere un opportunità ...
Justfinance
Nuovo forumer
Justfinance
Nuovo forumer
Nuove condizione del 1 Lien loan / PIK / bond etc. da New OpCo SNSs:
- Durata invece del 01.02.2024 a 01.04.2026
- Interesse invece di 5,875%/anno flat ora 1. anno 3.5%, 2. anno 4.5%, poi 8%/anno
- quest anno se ho capito bene interesse 0%
- early redemtion FY 2021 101% e da FY 2022 100% più tutti interessi accumulati (visto le 8% dal terzo anno si potrebbe sperare ...)
Domande da quota 100:
- quanto vale con nuovo pianto ristrutturazione?
- negoziabile?
- trovano il forum di 51% adesione?
Early bird premium adesione entro 15.09:
- 0.25% cash
Fermo qua spero qualcuno più esperto in materie può darci una mano a capire meglio, sopratutto che tipo di loan diventerebbe ...
Prima sensazione poteva andare molto peggio poi KKR continua ad investire e il business plan da qualche speranza ...
- Durata invece del 01.02.2024 a 01.04.2026
- Interesse invece di 5,875%/anno flat ora 1. anno 3.5%, 2. anno 4.5%, poi 8%/anno
- quest anno se ho capito bene interesse 0%
- early redemtion FY 2021 101% e da FY 2022 100% più tutti interessi accumulati (visto le 8% dal terzo anno si potrebbe sperare ...)
Domande da quota 100:
- quanto vale con nuovo pianto ristrutturazione?
- negoziabile?
- trovano il forum di 51% adesione?
Early bird premium adesione entro 15.09:
- 0.25% cash
Fermo qua spero qualcuno più esperto in materie può darci una mano a capire meglio, sopratutto che tipo di loan diventerebbe ...
Prima sensazione poteva andare molto peggio poi KKR continua ad investire e il business plan da qualche speranza ...
Ultima modifica:
Justfinance
Nuovo forumer
PS
Good morning,
Selecta Group has announced today that it has commenced a consent solicitation.
A press release can be found on the Bondholder Updates page of Selecta’s investor website.
“Selecta Group announces a proposed comprehensive recapitalisation of the Group, which is launched with the full backing of its shareholder”
Good morning,
Selecta Group has announced today that it has commenced a consent solicitation.
A press release can be found on the Bondholder Updates page of Selecta’s investor website.
“Selecta Group announces a proposed comprehensive recapitalisation of the Group, which is launched with the full backing of its shareholder”
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