ACCESS Newswire
30 Jun 2022, 16:55 GMT+10
MMK notifies on additional extension of consent solicitation process
MAGNITOGORSK, RUSSIA / ACCESSWIRE / June 30, 2022 / PJSC Magnitogorsk Iron & Steel Works (MOEX:MAGN) (LSE:MMK) notifies on the further extension of the Consent Solicitation for its outstanding U.S.$500,000,000 4.375 per cent. Guaranteed Notes due 2024.
On 6 June 2022, PJSC Magnitogorsk Iron & Steel Works (the 'Guarantor') announced a consent solicitation in relation to the outstanding U.S.$500,000,000 4.375% Notes due 2024 issued by MMK International Capital DAC (the 'Issuer') ISIN: XS1843434959 (Regulation S) / US553142AA88 (Rule 144A); Common Code: 111730628 (Regulation S) / 111730628 (Rule 144A Common code)) (the 'Notes') on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 6 June 2022 (the 'Consent Solicitation Memorandum'). On 9 June 2022, the Guarantor extended the Consent Deadline from 9 June 2022 (4 p.m. (London time)) to 16 June 2022 (4 p.m. (London time)), and on 17 June 2022, the Guarantor further extended the Consent Deadline from 16 June 2022 (4 p.m. (London time)) to 30 June 2022 (4 p.m. (London time)). Capitalized terms used, but not defined herein, shall have the meanings given to them in the Consent Solicitation Memorandum.
In response to requests received from several Noteholders for additional time needed to complete internal procedures the Guarantor hereby notifies the Noteholders that it has decided to further extend the Consent Deadline from 30 June 2022 (4 p.m. (London time)) to 13 July 2022 (4 p.m. (London time)) (the 'New Consent Deadline').
Amendments to the Consent Solicitation are limited to the New Consent Deadline, as outlined above. All other terms of the Consent Solicitation will remain the same.
The Guarantor strongly encourages those Noteholders that have not yet participated in the Consent Solicitation to liaise at their earliest convenience with its Investor Relations department and/or Rybalkin, Gortsunyan, Dyakin and Partners Advocates Bureau ('RGD') directly to obtain a copy of the Consent Solicitation Memorandum and to discuss other related matters. Noteholders who have already delivered Consent Instructions in the Consent Solicitation will be deemed to have consented to the Amendments unless they validly revoke their Consents prior to the earlier of the Effective time and the New Consent Deadline.
All documentation relating to the Consent Solicitation, together with any updates, will be available upon request to RGD at [email protected]. In your communique, please also confirm the aggregate notional amount of the Notes that you hold and the location of the depository.
Noteholders may contact RGD via email at [email protected] if they require assistance.
Should the Noteholders have any additional questions, please contact with the Guarantor's Investor Relations department via email at: [email protected].
Investor Relations Department
Veronika Kryachko
+7 (3519) 25-75-01
[email protected]
Communications Department
Dmitriy Kuchumov
+7 (499) 238-26-13
[email protected]
SOURCE: PJSC Magnitogorsk Iron and Steel Works
Get a daily dose of North Carolina Daily news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Carolina Daily.
More InformationWASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...
WASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...
INDIANAPOLIS, Indiana: Eli Lilly is making a bold play in cardiovascular gene therapy, announcing plans to acquire its partner Verve...
WASHINGTON, D.C.: A quiet shift inside the Trump administration has stalled a key diplomatic initiative aimed at pushing Russia toward...
NEW YORK CITY, New York: The Trump family has unveiled a new venture in the telecom sector — and it's drawing as much scrutiny as it...
DUBAI, U.A.E.: As violence escalates between Iran and Israel, Tehran is turning to its Gulf neighbors to help broker a ceasefire —...