Brief: Intrum Achieves Required Level Of Noteholder Support To Implement Recapitalisation Transaction

Intrum AB

30/08/2024 06:10

Aug 30 (Reuters) - Intrum AB  INTRUM.ST :
    * INTRUM ACHIEVES THE REQUIRED LEVEL OF NOTEHOLDER SUPPORT
TO
IMPLEMENT RECAPITALISATION TRANSACTION
    * HAS ACHIEVED OVER 66.7% NOTEHOLDER SUPPORT
    * SUPPORT ENABLES IMPLEMENTATION OF RECAPITALIZATION
TRANSACTION
AFTER PRODUCTIVE DISCUSSIONS WITH NOTEHOLDERS
    * NOTEHOLDERS HOLDING MORE THAN 66.7% OF SENIOR UNSECURED
NOTES
AND MTNS DUE 2025-2028 BY VALUE HAVE SIGNED LOCK-UP AGREEMENT
    * HAS OBTAINED CONSENT OF MAJORITY CORE NOTEHOLDER GROUP TO
EXTEND
EARLY BIRD CONSENT FEE DEADLINE TO 11.59PM (LONDON TIME) ON SEPT
2
    * ENCOURAGES REMAINING NOTEHOLDERS TO SUPPORT
RECAPITALISATION
TRANSACTION AND TO ACCEDE TO LOCK-UP AGREEMENT
    * UNDER LOCK-UP AGREEMENT, RELEVANT PARTIES WILL NEGOTIATE
TO
AGREE IMPLEMENTATION PROCESS
    * RECAPITALISATION TRANSACTION MAY INCLUDE CONSENT
SOLICITATION
AND VOLUNTARY EXCHANGE, ENGLISH SCHEME OF ARRANGEMENT OR
RESTRUCTURING PLAN

Source text for Eikon:  ID:nMFN2NzrN9 
Further company coverage:  INTRUM.ST 

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