Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate (43 lettori)

cpandrea

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Metalcorp Group calls on holders of the 2017/2022 notes to vote in a voting without meeting

Luxemburg, 7 October 2022 – Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, calls on its bondholders of the 2017/2022 notes (ISIN: DE000A19MDV0) to vote in a voting without meeting. The company is seeking a one-year extension to 2 October 2023 of the maturity of the originally up to EUR 140 million 2017/2022 notes, having a remaining principal amount of EUR 69.885 million, which matured on 2 October 2022. In addition, the coupon is to be increased from 7% p.a. to 8.5% p.a. and a joint representative of all bondholders is to be appointed. During the voting period from 22 October 2022 at 0:00 until 25 October 2022 at 24:00, bondholders will have the opportunity to submit their votes in writing. A quorum of 50% of the outstanding notes is required for a resolution on the proposal.

The invitation to vote and further documents will be available for download from this afternoon on the company’s website at www.metalcorpgroup.com under “Investor Area / Noteholder voting 2017/2022 Notes”. The invitation to vote will also be published today in the German Federal Gazette (Bundesanzeiger).
 

qquebec

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Metalcorp Group calls on holders of the 2017/2022 notes to vote in a voting without meeting

Luxemburg, 7 October 2022 – Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, calls on its bondholders of the 2017/2022 notes (ISIN: DE000A19MDV0) to vote in a voting without meeting. The company is seeking a one-year extension to 2 October 2023 of the maturity of the originally up to EUR 140 million 2017/2022 notes, having a remaining principal amount of EUR 69.885 million, which matured on 2 October 2022. In addition, the coupon is to be increased from 7% p.a. to 8.5% p.a. and a joint representative of all bondholders is to be appointed. During the voting period from 22 October 2022 at 0:00 until 25 October 2022 at 24:00, bondholders will have the opportunity to submit their votes in writing. A quorum of 50% of the outstanding notes is required for a resolution on the proposal.

The invitation to vote and further documents will be available for download from this afternoon on the company’s website at www.metalcorpgroup.com under “Investor Area / Noteholder voting 2017/2022 Notes”. The invitation to vote will also be published today in the German Federal Gazette (Bundesanzeiger).
c'è una consent fee?
 

Fabrib

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Bed Bath & Beyond can’t catch a break. Now, the company’s debt has been downgraded even further into junk-bond territory.
On Friday, Moody’s lowered the retailer’s corporate-family rating to Ca from Caa2, citing concerns that the company could default on its debt.
The credit-rating company also changed its outlook on Bed Bath & Beyond’s (ticker: BBBY ) rating to stable from negative. A stable outlook indicates a low likelihood of a rating change in the near to medium term, while a negative outlook points to a high probability of a cut in the near future.
It cut its rating on the retailer’s senior unsecured notes to C from Caa3. C is Moody’s lowest possible rating, while Ca is just one rung ahead.
“Bed Bath’s Ca corporate family rating reflects the very high likelihood of a default over the next twelve months,” Moody’s said in an analysis piece. “It also reflects governance considerations including the appointment of interim senior management and hiring consultants to support Bed Bath in its efforts deliver on its operational turnaround.”
Bed Bath & Beyond has $284 million in debt maturing in 2024. The company has announced it was exploring a potential distressed debt exchange, which would be viewed by Moody’s as “an event of default.”
 

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