Page 2 - Restructuring Effective Date News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Restructuring effective date. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Restructuring Effective Date Today - Breaking & Trending Today

Investegate |DTEK Finance Plc Announcements | DTEK Finance Plc: DEBV RESTRUCTURING: SALE OF LLC KOSUL

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 Group s 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 committees of its creditors such that LLC Kosul has ceased to be a member of the DOG group.

Separately,
as announced previously, 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 R ....

City Of , United Kingdom , Houlihan Lokey , Latham Watkins , Rothschild Cie , Bank Lender Ad Hoc Group , Companies Act The Explanatory Statement , Specialist Services , Specialist Services Limited The Information Agent , Bondholder Ad Hoc Group , Hogan Lovells International , Lock Up Agreement , Explanatory Statement , Companies Act , Restructuring Effective Date , Proxy Form , Account Holder Letter , Services Limited , All Noteholders , Scheme Portal , Scheme Website , Oksana Nersesova , Gijs De Reuver , Nicolas Guelfand , Edward Kempson , Giovanni Salvetti ,

Investegate |DTEK Finance Plc Announcements | DTEK Finance Plc: DTEK ENERGY B.V. GROUP RESTRUCTURING UPDATE

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, [email protected]) or Simon Bard (Tel:
+33 1 40 74 41 66
, [email protected])

Hogan Lovells International LLP, legal adviser to the Bank Lender Ad Hoc Group:
Alex Kay (Tel: +44 20 7296 2256, [email protected])

Dechert LLP, legal adviser to the Bondholder Ad Hoc Group:
Solomon J. Noh (Tel: +44 20 7184 7337, [email protected]) or Alastair Goldrei ....

City Of , United Kingdom , Houlihan Lokey , Latham Watkins , Rothschild Cie , Bank Lender Ad Hoc Group , Companies Act The Explanatory Statement , Specialist Services , Specialist Services Limited The Information Agent , Bondholder Ad Hoc Group , Hogan Lovells International , Effective Date , Lock Up Agreement , Companies Act , Restructuring Effective Date , Proxy Form , Account Holder Letter , Services Limited , All Noteholders , Scheme Portal , Scheme Website , Oksana Nersesova , Gijs De Reuver , Nicolas Guelfand , Edward Kempson , Giovanni Salvetti ,

Investegate |DTEK Finance Plc Announcements | DTEK Finance Plc: DTEK ENERGY B.V. GROUP RESTRUCTURING ANNOUNCEMENT

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 Group s indebtedness (the Restructuring ) pursuant to two inter-conditional schemes of arrangement under Part 26 of the Companies Act 2006 (the Schemes ).
The Group hereby announces that holders of more than 50% of the outstanding principal amount of the 10.75% Senior PIK Toggle Notes due 2024 issued by DTEK Finance plc ( Noteholders ) have now signed or acceded to the Lock-up Agreement, in addition to lenders representing in excess of 95% of the bank debt subject to the Restructuring. ....

City Of , United Kingdom , Noord Holland , Houlihan Lokey , Latham Watkins , Rothschild Cie , Gazprombank Switzerland Ltd , Energy Holdings , District Court , Bondholder Ad Hoc Group , Singapore International Arbitration Centre , Bank Lender Ad Hoc Group , Companies Act The Explanatory Statement , Specialist Services , Specialist Services Limited The Information Agent , Oil Gas , Hogan Lovells International , Companies Act , Lock Up Agreement , Restructuring Effective Date , Proxy Form , Account Holder Letter , Services Limited , All Noteholders , Scheme Portal , Switzerland Ltd ,

Investegate |DTEK Finance Plc Announcements | DTEK Finance Plc: DTEK ENERGY B.V. RESTRUCTURING

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 (London time) on 7 May 2021 and the Notes Scheme Meeting shall be held at 10:45 (London time) on 7 May 2021 (or as soon thereafter as the Bank Scheme Meeting has been closed or adjourned). ....

City Of , United Kingdom , Houlihan Lokey , Latham Watkins , Rothschild Cie , Group The Restructuring , Bank Scheme Meeting , Bondholder Ad Hoc Group , Bank Lender Ad Hoc Group , Companies Act The Explanatory Statement , Specialist Services , Bank Scheme Meetings , Specialist Services Limited The Information Agent , Hogan Lovells International , High Court , Companies Act , Notes Scheme Meeting , Creditors Meetings , Scheme Meetings , Services Limited , All Scheme Creditors , Scheme Portal , Scheme Website , Explanatory Statement , All Noteholders , Lock Up Agreement ,

Investegate |DTEK Finance Plc Announcements | DTEK Finance Plc: DEBV AGREES EXTENSION OF THE LOCK-UP AGREEMENT

·
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 Group s 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 of its creditors under which, amongst other matters, such creditors have agreed to vote in favour of the Restructuring in the Schemes (as applicable) (the Lock-up Agreement ).

The Schemes convening hearing is scheduled for 16 April 2021. Subsequent dates for the Schemes creditors meetings and the Schemes sanction hearing will follow in due course. Accordingly, the automatic termination date for the Lock-up Agreement has been extended to 5 May ....

Houlihan Lokey , Latham Watkins , Rothschild Cie , Bank Lender Ad Hoc Group , Specialist Services Limited The Calculation Agent , Specialist Services , Bondholder Ad Hoc Group , Hogan Lovells International , Companies Act , Lock Up Agreement , Term Sheet , Services Limited , Scheme Website , Restructuring Effective Date , Scheme Portal , Accession Mechanics , Oksana Nersesova , Gijs De Reuver , Nicolas Guelfand , Edward Kempson , Giovanni Salvetti , Simon Bard , Alex Kay , Alastair Goldrein , Investegate Announcements , Investegate Company Announcements ,