SELECTA caffè amaro (2 lettori)

Justfinance

Nuovo forumer
Quindi ti sembra di aver capito che gli interessi del titolo saranno pagati con altri titoli, riscotibili alla scadenza del titolo stesso, quindi nel 2026?

Non per me parla di CASH fino 01.04.26 salvo early redemtion
1 Lien

• Amount: approx. €693m (1) (represents €650m nominal, plus 1-Oct-20 interest and interest to transaction closing(2) )

• Interest: 350bps cash / 450bps PIK in FY21 and FY22, 800bps cash thereafter; all fixed rate(1)

• Maturity: 1-Apr-26

• Optional redemption: 101 in FY21, par thereafter(3)

• Issuer: Selecta Group B.V.

• Ranking: Senior vs 2 Lien SSNs. Secured / guaranteed as per existing SSNs


Preferred shares No CASH e con altra data 01.10.26
SSNs

• Amount: €241m(1)

• Dividend rate: 1,200bps PIK; all fixed rate(1)

• Maturity: 1-Oct-26

• Issuer: New HoldCo(2)

• Put price: 130 in FY21, 125 in FY22, 105 in FY23, par thereafter(3)

• Structure / ranking: Class A Preference Shares, no credit support, senior to shareholder equity / debt

• Voting: Non-voting except for amendments to class rights and reserved matters

• Reserved matters: Designed to limit, inter alios, additional debt, granting of security, restricted payments, equity transactions, affiliate transactions, investments / disposals
 

Justfinance

Nuovo forumer
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Justfinance

Nuovo forumer
Attenzione IMPORTANTE Info da LUCID di questa mattina ho contattato direttamente Thomas che risponde sempre, veloce e preciso:


Thank you for the email.



We will be establishing a corporate action today in respect of the consent solicitation and lock up arrangements.

Your custodian or prime broker will notify you and you will be able to elect to participate in the LUA to receive the 25bps fee and vote in favour of the consent.



The deadline will be 15 September so you have time to a) instruct your custodian and b) complete the consenting creditor accession letter



The documentation is available via www.lucid-is.com/selecta



You will need to register first via Register in order to obtain access



We are in the process of building an online version of the Creditor Accession Letter

It will be available by 12 noon today on the website above



With kind regards,

Thomas Choquet



Lucid Issuer Services Limited

www.lucid-is.com



T: + 44 20 7704 0880

E: [email protected]
 

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