RCS - DTEK Finance Plc - DTEK Energy's Cleansing Announcement

Houlihan LokeyAnnouncement

28/09/2020 11:35

RNS Number : 2957A
  
DTEK Finance Plc
  
28 September 2020
  
 

 
DTEK ENERGY GROUP RESTRUCTURING
As previously announced, the DTEK Energy B.V. group (the "Group"), together with its financial adviser, Houlihan Lokey, and its legal adviser, Latham & Watkins LLP, is engaged in discussions with (i) an ad hoc committee of bondholders (the "Bondholder Ad Hoc Group") representing approximately 35% of the outstanding principal amount of the 10.75% Senior PIK Toggle Notes due 2024 issued by DTEK Finance PLC (the "Notes") and its legal adviser, Dechert LLP, and (ii) an ad hoc committee of bank lenders (the "Bank Lender Ad Hoc Group") and its financial adviser, Rothschild & Cie, and its legal adviser, Hogan Lovells International LLP, regarding the restructuring of substantially all of the Group's indebtedness (the "Restructuring"). 
During the course of such discussions, the Group has provided certain price sensitive information to the Bondholder Ad Hoc Group and the Bank Lender Ad Hoc Group (the "Price Sensitive Information"). The Price Sensitive Information is now available on the Group's website at https://dtek.com/en/investors_and_partners/disclosure. 
At this time, the Group has not reached an agreement with the Bondholder Ad Hoc Group and the Bank Lender Ad Hoc Group with respect to the terms of the Restructuring and discussions are continuing.
 
For any enquiries, please contact: 
 
DTEK Energy B.V.: Sergey Geller (Tel: +44 20 7399 4912, GellerS@dtek.com) 
Houlihan Lokey, financial adviser to the Group: Gijs de Reuver (Tel: +44 20 7747 2710, GdeReuver@HL.com) or Nicolas Guelfand (Tel: +33 1 53 43 38 08, NGuelfand@HL.com)
Latham & Watkins, legal adviser to the Group: Edward Kempson (Tel: +7 495 644 1928, Edward.kempson@lw.com) 
Rothschild & Cie, financial adviser to the Bank Lender Ad Hoc Group: Giovanni Salvetti (Tel: +7 495 775 8221, giovanni.salvetti@rothschildandco.com) or Simon Bard (Tel: +33 1 40 74 41 66, simon.bard@rothschildandco.com)
Hogan Lovells International LLP, legal adviser to the Bank Lender Ad Hoc Group: Alex Kay (Tel: +44 20 7296 2256, alex.kay@hoganlovells.com)
Dechert LLP, legal adviser to the Bondholder Ad Hoc Group: Solomon Noh (Tel: +44 20 7184 7337, solomon.noh@dechert.com) or Alastair Goldrein (Tel: +44 20 7184 7456, alastair.goldrein@dechert.com)
 

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