Page 2 - Simon Bard News Today

Investegate announcements from DTEK Finance Plc, DTEK ENERGY B.V. RESTRUCTURING

    Houlihan Lokey , financial adviser to the Group: Gijs de Reuver (Tel: +44 20 7747 2710, [email protected]) or Nicolas Guelfand (Tel: +33 1 53 43 38 08, [email protected])   Latham & Watkins, legal adviser to the Group : Edward Kempson (Tel: +7 495 644 1928, [email protected] )     Rothschild & Cie, financial adviser to the Bank Lender Ad Hoc Group: Giovanni Salvetti (Tel: ...

  The DTEK ENERGY B.V. group (the "Group") hereby announces that, as anticipated in and in compliance with the terms of the restructuring of substantially all of the Groups indebtedness (the "Restructuring") contained in the Lock-up Agreement and the Explanatory Statement (each as defined below), DTEK OIL&GAS B.V. ("DOG") has sold the entire share capital of LLC Kosul to DTEK OIL&GAS DEVELOPMENT B.V. in accordance with the term sheet agreed between the Group and commi...

    Houlihan Lokey, financial adviser to the Group: Gijs de Reuver (Tel: +44 20 7747 2710, [email protected]) or Nicolas Guelfand (Tel: +33 1 53 43 38 08, [email protected])   Latham & Watkins, legal adviser to the Group: Edward Kempson (Tel: +7 495 644 1928, [email protected] )    Rothschild & Cie, financial adviser to the Bank Lender Ad Hoc Group: Giovanni Salvetti (Tel:   +7 495 775 8221,...

  As announced previously, the DTEK ENERGY B.V. group (the "Group") has entered into a lock-up agreement (the "Lock-up Agreement") with certain of its creditors under which, amongst other matters, such creditors have agreed to vote in favour of the restructuring of substantially all of the Groups indebtedness (the "Restructuring") pursuant to two inter-conditional schemes of arrangement under Part 26 of the Companies Act 2006 (the "Schemes"). The Group hereby announce...

DTEK ENERGY B.V. RESTRUCTURING The High Court of Justice of England and Wales has today approved the convening of creditors meetings (the "Creditors Meetings") to consider and, if thought fit, to approve two inter-conditional schemes of arrangement under Part 26 of the Companies Act 2006 (the "Schemes") to restructure substantially all of the indebtedness of DTEK ENERGY B.V. group (the "Group") (the "Restructuring"). Accordingly, the Bank Scheme Meetings shall be held at 10:00 (Lon...

    · launched two inter-conditional schemes of arrangement under Part 26 of the Companies Act 2006 (the "Schemes") in order to implement the restructuring of substantially all of the Groups indebtedness (the "Restructuring") on the terms and conditions set forth in the restructuring term sheet (the "TermSheet") as contained within the Lock-up Agreement (as defined below) dated 26 March 2021; and   · entered into a lock-up agreement with certain ...