Magnitogorsk Steel Complex Announces Second Extension of Consent Procedure
21 June 2022
The Magnitogorsk Steel Complex announced that in accordance with the terms and conditions contained in the Memorandum of Consent dated June 6, 2022, MMK International Capital DAC (the " Issuer ") outstanding notes due 2024 (total face value of US$500 million at an interest rate of 4.375%) (International Securities Identification Number (ISIN): XS1843434959 (Regulation S) / US553142AA88 (Section 144A) Regulations); General Code: 111730628 (Regulation S) / 111730628 (Regulation 144A Regulations General Code)) (the “ Instrument ”) to extend the consent process. Capitalized terms used but not defined herein shall have the meanings given to them in the Consent Memorandum.
The Guarantor is pleased to announce significant progress in securing investor support and thanks those Noteholders who have submitted consent instructions. In response to requests from multiple accounts requiring additional time to pass internal approvals and submit signatures, the guarantor announced further extensions. The Guarantor thanks all Investors who provided feedback on the agreed terms and amended terms it sought. The Guarantor hereby informs Noteholders that it has decided to further extend the Consent Deadline from 16 June 2022 (4pm London time) to 30 June 2022 (4pm London time) (" Updated " after the deadline for consent ”).
As noted above, amendments to the solicitation of consent are limited to the updated consent deadline. All other terms of the request for consent will remain unchanged.
The Guarantor strongly encourages noteholders who have not yet participated in the consent process to contact the Guarantor’s Investor Relations Department and/or the Rybalkin, Gortsunyan, Dyakin and Partners Advocates Bureau (“ RGD ”) directly to request a copy of the Consent Memorandum as early as possible , and discuss other related matters. Noteholders who have given consent instructions in the Solicitation of Consent will be deemed to have consented to the amendment unless they effectively withdraw their consent before the earlier of the Effective Time and the updated consent deadline.
All documents related to the solicitation of consent, as well as any information updates, may be obtained from RGD by emailing MMKconsentsolicitation2022@rgd.legal . Please confirm in the mail the total notional amount of the notes you hold and the location of the depository.
Noteholders who need assistance may contact RGD via email MMKconsentsolicitation2022@rgd.legal .
If the Noteholder has any further questions, please contact the Investor Relations Department of the Guarantor via email firstname.lastname@example.org .
International Securities Identification Number (ISIN):US5591892048
Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original text. The original version is the only legally binding version.
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