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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:   +7 495 775 8221, [email protected]) or Simon Bard (Tel: +33 1 40 74 41 66 , ...

  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.   ...

    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]) ...

  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...