Brief: MHP Says It Is Not Planning To Pay Upcoming Coupon Under $350 Mln 6.25% Notes Due 19 March 2022

MHP SE

18/03/2022 14:09

March 18 (Reuters) - Ukraine's MHP  MHPC.PFT  says:
    * AS A CONSEQUENCE OF CURRENT SITUATION, AND IN ORDER TO
PRESERVE
CASH, COMPANY IS NOT PLANNING TO PAY ITS UPCOMING COUPON UNDER
US$350 MILLION 6.25% NOTES THAT IS SCHEDULED FOR 19 MARCH 2022
    * IT WILL BE APPROACHING ITS NOTEHOLDERS AS SOON AS
PRACTICALLY
POSSIBLE TO AGREE A MUTUALLY ACCEPTABLE SOLUTION
    * AS OF 18 MARCH 2022, COMPANY'S POULTRY PRODUCTION
FACILITIES
HAVE NOT SUFFERED ANY PHYSICAL DAMAGE DUE TO INVASION

Further company coverage:  MHPC.PFT 

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