LONDON--(EON: Enhanced Online News)--Magyar Telecom B.V. (the “Company”) is pleased to announce the following:
The Company has obtained consents (the “Consents”) from holders of a majority in aggregate principal amount of its 9.50 per cent. Senior Secured Notes due 2016 (the “Existing Notes”) to certain proposed amendments and waivers (the “Amendments and Waivers”) of certain provisions of the indenture governing the Existing Notes.
The Consents were obtained pursuant to a solicitation of consents from holders of Existing Notes launched on 9 September 2013. The Amendments and Waivers facilitate the implementation of the restructuring set out in the restructuring agreement dated 15 July 2013 between the Company and holders of over 70 per cent. of the Existing Notes, and became effective on the execution of a supplemental indenture dated 20 September 2013.
About Magyar Telecom B.V.
Magyar Telecom B.V. is a private company with limited liability incorporated in the Netherlands and registered at the Chamber of Commerce (Kamer van Koophandel) for Amsterdam with number 33286951 and registered as an overseas company at Companies House in the UK with UK establishment number BR016577 and its address at 6 St Andrew Street, London EC4A 3AE, United Kingdom (Telephone: +44 (0)207 832 8936, Fax: +44 (0)207 832 8950).
In case of any enquiries, please contact one of the advisors below:
Houlihan Lokey (Europe) Limited
Tel: +44 20 7747 2717
White & Case LLP
Tel: +44 20 7532 1221
Lucid Issuer Services Limited
Sunjeeve Patel / Yves Theis
Tel: +44 20 7704 0880
|Noteholder Group Advisors|
Moelis & Company
Tel: +44 20 7634 3500
Tel: +44 20 7634 3660
Bingham McCutchen London LLP
Tel: +44 20 7661 5430
Tel: +44 20 7661 5310
This press release is not an offer to sell or a solicitation of an offer to buy or exchange or acquire securities in the United States and no offer, tender offer, sale, exchange or acquisition of securities is proposed in a jurisdiction where such offer, tender offer, sale, exchange or acquisition would be illegal. The securities referenced in this press release may not be offered, sold, exchanged or delivered in the United States absent registration or an applicable exemption from the registration requirement under the U.S. Securities Act of 1933, as amended. The securities mentioned in this press release are not, and will not be, registered in the United States.