Brief: Elektrocieplownia Bedzin Offers A Series Bondholders New Repayment Terms

Ecb SA

07/02/2023 07:17

Feb 7 (Reuters) - Elektrocieplownia Bedzin SA  BDZ.WA :
    * SAID ON MONDAY IT HAS OFFERED NEW RESTRUCTURING PROPOSAL
FOR
LIABILITIES FROM A SERIES BONDS TO BONDHOLDERS INCLUDING BANKS
PENDING THEIR APPROVAL
    * OFFERS TO REPAY FIXED AMOUNT OF BONDS TO ALL BONDHOLDERS
FOR UP
TO 14 BONDS
    * OFFERS TO EXTEND REDEMPTION PERIOD FOR BONDHOLDERS WITH
MORE
THAN 14 BONDS TILL APRIL 10, 2026 WITH SPLIT INTO ANNUAL
TRANCHES STARTING WITH 15% CAPITAL ON APRIL 10, 2023
    * OFFERS CHANGING INTEREST ON BONDS TO WIBOR 6M PLUS 2.25
P.P.
STARTING APRIL 10, 2023
    * AWAITS RESPONSE FROM BONDHOLDERS TILL END OF FEBRUARY
    * COMPANY HAS SECURED CAPITAL FOR PART OF PROPOSAL DUE APRIL
10,
2023
    * LIABILITIES FROM A SERIES BONDS STAND AT 15.8 MILLION
ZLOTYS

        
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